Many people are afraid to buy a home in times like these, with the economy tanking and home prices continuing to fall…But if you are brave enough to stray from the herd, you might be in for the home-buying opportunity of a lifetime
1. Affordability is better than ever.
2. You have a large Inventory to choose from.
3. Builders are offering BIG Discounts.
4. Mortgage rates are historically low.
5. You can get a federal tax credit of up to $7,500.
“Ask for price reductions, improvements, closing cost-whatever-and the seller, desperate to get a contract, is likely to work with you” says Jay Papasan, one of the authors of the book, Your First Home “However, when the market starts improving, your negotiating power will start to diminish,” he adds.
“People can get a lot of what they need and almost all of what they want today,” Papasan said. “Once a few people get off the fence, there’s safety in numbers and you lose your leverage.”
If you are qualified to buy a home now, and the purchase makes sense for your situation, and you’re prepared to live in that home for at least five years, there are 5 reasons you may be headed for a great deal!
Please contact MEGHAN CLAIR for more info on purchasing Maui property.
The BEST PLACE to view the new listings on Maui, DAILY.
Realtor (S), EcoBroker
Coldwell Banker Island Properties
(808) 874-8668 office
(808) 463-8485 cell
*Excerpts from this article are taken from MarketWatch by Amy Hoak.