With the new year brings new opportunities. After a month and a half with little-to-no activity, the floodgates appear to be open. Showings are up, buyers are inquiring about homes and people are out looking.
Maybe it is the LOW interest rates (4.375% for 30 year fixed….WOW!), the large inventory, or the need to find a deal…but buyers are out and about looking for homes. A few of my properties have had multiple inquiries and showings. An offer should be presented soon.
House values have dropped about 10% to 20% from a year ago….With low interest rates, large selection and lowered proces, NOW is a great time to buy.
For first time buyers, available incentives can get you into a home for little (less than $5,000) to NO MONEY DOWN! (FHA coupled with federal/state/county/city programs) can get you into a home with as little as $500 (that’s FIVE HUNDRED DOLLARS!)
New Homes are a steal too. Some builders are begging for buyers and willing to throw in $10,000 to $50,000 in upgrades just to get the home sold. If you’re looking for a new home, the bargains are out there-just ask!