With interest rates at historically low levels as well as plenty of inventory of new construction with incentives and resales at great prices, the buyers are going to miss the opportunities if they don't go forward and get contracts negotiated.
You never know its the bottom until it starts to go up again. Now is the time to move forward. By setting back and waiting for the next great bargain, purchasers are missing the most favorable market conditions in decades.
You cannot take advantage of the rates unless you have an executed contract on a property. Ultimately, the property is going to be your home so the fir
st and foremost item to pay attention to is does the space work for you, not what is the seller's situation, how many price changes has the property had or how long has it been on the market. Those are all secondary. Identify the property and then we can talk about those things.So many buyers out there are looking for a short sale or pre-foreclosure. It works for some but not for others. They are typically coming in at 15%-18% of market value. A short sale is sold "as is". If the seller strips the place which is becoming more commonplace, you are still contractual obligated to close on the property. If you have to put 10%-20% of the value of the property back into it, where is the bargain?
As many sellers have come to terms with market conditions, there are so many homes in pristine condition or brand new development units priced to sell!
This is the time to move!
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