Have you watched the eveing news lately? Every channel has a report about the real estate market and the rising number of homeowners facing foreclosure. Doom and gloom. Due to the perfect storm - poor lending practices, declining markets and homeowners taking on more than they can handle - we find ourselves in the market we are in.
How can we make it better? The federal government is posturing about all kinds of fixes, but I for one don't think they will have a widespread affect. (Hello, it's an election year.) I think that getting the buyers who have been sitting on the sidelines for the past year back into the market would give our market the stimulus it needs.
BUYERS - What are you waiting for? There hasn't been a better to time to buy a home than right now - at least not in the last couple of years. There are some tremendous deals out there right now as the banks are getting so many homes back via foreclosure and now trying to sell them.
Bank-owned foreclosure properties are proving to be some of the best buys for buyers right now and buyers are flocking to these homes. Do you have to have special knowledge or expertise to buy one of these homes? No, you just need to be working with a good real estate professional that can help you locate the properties and guide you through the process just as they would in a standard transaction.
If you are renting or living with a family member - now is the time to consider purchasing a home for yourself. WHAT ARE YOU WAITING FOR?