They say it is a difficult time to buy a house. You'll hear it on the news, and see it in the paper. However, if your credit isn't too bad, now is a great time to buy. On the Eastern Shore of Maryland, our market is saturated with properties for sale. This gives buyers the opportunity to pick from several homes and makes it able for them to negotiate the price.
When several homes are on the market, it gives buyers purchasing power. Sellers know that they have to either have an incentive, such as closing cost help, to lure in the buyers. One seller may offer a Home Warranty, while another offers $10,000 closing cost assistance.
If you are out looking at homes to purchase, make sure to use your buying powers.
If a home is well underpriced, don't delay, it won't last long. This is another way sellers are trying to lure buyers to their home.
Look up their tax record, you can easily see what they paid for the house. This will help you decide whether to make a higher or lower offer.
Tuesday, April 24, 2007
They Say it is a Difficult time to buy, Just Not So
Labels:
closing costs,
Eastern Shore,
home warranty,
homes,
house,
incentive,
negotiate,
purchase,
purchase power,
underpriced
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