Friday, October 12, 2007

Great Time to Buy a Home is NOW!

In our opinion at FOR HomeBUYERS, Inc., this is the best time of year for you to purchase a new home. With the "mortgage crisis" looming and foreclosures on the rise, it makes the next few months a great time to purchase a home. Typically, October through April the market slows a bit and that gives you, as the buyer, more leverage to negotiate a better price. Also, if the home is on the market during these months the seller is usually very motivated to sell.

New construction home builders and the large national builders are offering some very big discounts and other incentives. Because their inventories are larger than they like to carry and their end of year projections are down, there is room to do some serious negotiating with home builders.

While the Triangle (Raleigh, Cary, Durham, Chapel Hill, Wake Forest) Real Estate Market has remained strong when other markets have stalled, we are beginning to feel the trickle down affect as many potential buyers cannot sell their homes in other areas of the country. Slowing sales in other real estate markets, is leading to an increase in the inventory of homes on the market in the Triangle. Also, a larger inventory of homes and a longer "time on market" is to the buyer's advantage, as this helps the prices to level off instead of continuing to increase.

The best months to purchase are November – January. So if you are considering purchasing a home in the next 9 months, you may want to move your timetable up slightly to take advantage of the present real estate market conditions. Give FOR HomeBUYERS, Inc. a call at 919-878-1110 or 800-333-2893 or visit for an appointment to discuss your family’s needs in a home and how to get started.

There is No Additional Charge to have someone working ONLY for YOU because we are compensated through the transaction. Why risk "Dual Agency" with an agent working with a listing company and trying to represent both you and the seller at the same time? Why not use the oldest and most experienced Exclusive Buyer Only Realtors in the Triangle, FOR HomeBUYERS, Inc.?

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