The Top Ten Reasons It's a Great Time To Buy real estate!
by Paul Pastore
1.      Selection, selection, selection.  Regardless of the price range, there are plenty of options in this market. You can find large lots, small lots, and a lot that will accommodate your boat or RV.
2.      No Bidding Wars.  In the past, buyers bid properties up substantially from the original listing price. There is no competitive bidding in this buyer's market.
3.      You can make an offer. Today the sell price list vs. price ration is about 96%.
4.      Patience is tolerated. A buyer can take the time to look at several homes and think about their decision for a few hours.
5.      Due diligence is welcomed. In this market a buyer is encouraged to obtain a home inspection, termite inspection, and appraisal.
6.      There are plenty of specs. In the not too distant past, there were lotteries and waiting lists in order to obtain new construction. Now builders have spec homes ready for immediate occupancy.
7.      Repair requests are welcomed. After a buyer completes a home inspection, they are allowed to submit a repair request (Inspection Notice) to the seller. In the past a seller might insist the home was sold 'as is'.
8.      Few, if any investors. It's a great time to buy without having to compete with hundreds of prospective landlords.
9.      Location, location, location. In this market, reasonably priced homes are within biking or walking distance to schools, rapid transit lines, and relatives.
10. Real Financing is available. The 'wink, wink' zero down, no doc, adjustable, sub-prime loans are gone. Fixed rates are back. FHA financing, first time homeowner bond programs, special loans for teachers, and police officers are back in business. It's a great time to buy real estate!
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