Advantages of buying real estate are shown below:
More Choices-In USA, they currently have over 3000 homes on the market. Buyers have more choices today than they have in several years. You have your choice between condos, town homes, single family homes, golf course properties, water oriented properties, gated communities. You can also choose between large lots and small lots and whether you would like lawn maintenance included or not. The choice is yours today more than ever to find a home that fits your needs and fulfils your dreams. But do remember, that well priced homes in desirable locations can still sell fast, even in a buyer’s market.
Interest Rates are Low
With interest rates under 5%, what better time to buy real estate! You can even afford more homes now than you might have a year or so ago. It usually is a good idea to purchase as much home as you can afford in this type market. Always consult with a reputable lender to become knowledgeable about the variety of financing options available and what might be best for you. In addition, ask for a prequalification letter. A good buyer’s agent will use this in the negotiating process. It will also ensure that you are not looking at homes that you cannot afford.
Negotiate & Incentives
We all remember the days of 2005 when you had to decide how much over asking price to offer the seller. Today that is a different story. A good buyer’s agent can negotiate the best price and terms to suit your budget. In a buyer’s market as we have today, sellers and builders are offering a host of incentives for buyers. For instance, closing costs or buy down of the interest rate, even flat screen TVs and cruises are among popular incentives today.
Competition & You are not rushed
In today’s market you do not have the worries that we did a couple of years ago, of other buyers bidding the prices up from the original price. You won’t be rushed into a quick decision. One of the highlights of a buyer’s market is that you can take your time finding your perfect home and do not have to feel pressured to settle for anything less than the home of your dreams.