At an all time high. The recession? Will stay put for awhile�then
make its way back up, as will the stock market. If you weren�t sure
before, these are the facts, and NOW may be the time to buy. Purchasing
real estate now needs to be thought of as a long term investment,
because in the long term, it�s going to make a lot of people very
wealthy.
Now is the time to buy because you can get a good deal on a home as well
as one on a mortgage. Mortgage lenders are dying to give away money.
There are some lenders who are calling people that they dealt with years
ago in order to try to get them to refinance. If no loans can be made,
lenders go out of business. Many lending companies are already laying
off employees and others have completely folded. Those lending companies
still operating are offering attractive packages to potential customers.
Some are even offering to pay closing costs so that they can get the
loan.
As a buyer in the real estate market today, you have your pick when it
comes to picking the best home as well as the best mortgage package. You
can get a good deal on both if you take your time and shop around. Do
not be too anxious to get the first home that you see and jump into the
first mortgage that comes along. Now more than ever, it pays to shop
around.
You can get a real estate agent who will show you around or one who is
listing the house. Take a look in the area that you like and find homes
on the market. Ask a real estate agent to pull up listings for you so
that you can look around yourself. Many good real estate sites allow you
to search the area's entire MLS listings. A good example of this is at:
www.brokerforyou.com. Here you can search by price, area, age, size,
etc. You can pinpoint properties on a map and see area features. Plus,
many home listings now also have video on-line to give you an on-line
tour of the home. If you see something that you like that is within your
price range, take a look at the home.
Do not allow the real estate agent to sway you when it comes to making
an offer on the property. The real estate agent wants to make sure that
you offer the most money possible. Make sure that you offer what you
want and not get pressured into offering more than you think the seller
will take.
Because rates are so low in conjunction with housing prices, this is a
great time to buy real estate. Whether you are using it as a residence
for yourself or a rental property, this is a great time to make this
long term real estate investment.
Copyright 2008 Promotions Unlimited http://www.websitetrafficbuilders.com.
All rights reserved. any additions/modifications/hyper-links added to
this article will be considered a copyright violation & subject to
immediate legal action without further notice.
Return to Brokerforyou's real estate articles