| The Timing Of Buying Real Estate |
 |
 |
 |
| Written by Randy Goodson |
| Wednesday, 12 May 2010 11:33 |
|
More than 80% of first-time home buyers and sellers feel the current housing market is more affordable today than this time last year, despite the fact that 40% of all respondents are more worried about the economy compared to this time last year.
More than 80% of first-time home buyers and sellers feel the current housing market is more affordable today than this time last year, despite the fact that 40% of all respondents are more worried about the economy compared to this time last year. While the attractive combination of home prices, mortgage rates and tax credits appeal to both buyers and sellers, market conditions continue to favor buyers. However, first-time home buyers anticipate home prices will soon begin to rise and in fact, about half of first-time buyers (48%) expect an increase by this time next year, thereby reestablishing the balance between buyers and sellers. By being keenly aware of the opportunity presented to them in this season, today's buyers can set themselves up for financial stability for years to come. Utilizing the services of an experienced and well trained real estate agent will help your odds of taking the first few steps in the right order. With more than eighty percent of buyers and sellers saying that they acknowledge the importance of working with a real estate professional, you can see how necessary they are for the first time home buyers of today. Especially when you consider the difficulty of buying short sale property or REO's from a bank. Hiring a real estate professional that has time to spend educating you and is experienced enough to know how to handle the more complex transactions of today's real estate market, is extremely important. Buyers can tend to get wrapped up in buying a home in a real emotion sense and a real estate agent can help separate emotion from necessity. In addition, they can keep buyers and sellers appraised of all local market trends that may be important to their purchases and dealings. The majority of the respondents have moved or intend to move more than 10 miles but less than 50 miles from their previous location, indicating current market conditions may be a catalyst for buying or selling homes, as opposed to a desire to dramatically change geographic location or relocate for a job. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. The author enjoys writing articles about Boise real estate and Boise real estate updates. Click on the prior links to learn more about these topics! |