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Top 9 Reasons For Home Buyers To Buy A Home NOW

1) Home Prices are lower now

Why ought to a home buyer purchase a home now versus waiting? Buying a home now will save the buyer money. At this time there are fewer buyers now then during this past spring or summer. There are more buyers browsing for homes during the warmer times of the year. Serious home sellers will have more stress to sell when homes sales are slower. Genuine home sellers will either be listing their homes below market or lowering the list prices of their homes to catch the attention of buyers. Through lower prices, buyers will instantaneously get a great price. Last week I was working with a buyer who narrowed their list down to two homes. After looking at comparisons we become aware of that both homes were priced under market by $10,000-$15,000. We determined to make an offer of $30,000 under list price on our number one choice. The seller was really angry. We decided to look at the number two choice home again and make an offer on. We did the identical offer. We made an offer, $30,000 off of the listing price. The seller countered at $15,000 under list price and we respond at $20,000. During the appraisal today, the appraiser estimated that we bought the home $35,000 under value for an immaculate home listed under $190,000. Do you think the buyer is happy?

2) Home sellers are more stressful

With a lot of home sellers experiencing soaring financial debt, their only way out is to sell their home. Everyone who has went through the endless creditor phone calls will comprehend what steps a person will take to stop those phone calls. Grab hold of a seller who could easily solve their problems by selling their home and you will most likely obtain a good deal. After showing 20 homes this weekend, I received 8 phone calls from frantic sellers saying that they needed to sell now and would look at just about any offer. Three sellers said that they had some extreme debt to payoff. I will keep in mind these homes for future buyers who want to grab hold of some good deals.

3) There is added interest on the internet

Countless companies have their relocations planned after the first of the year, so many relocating employees will use the holidays to plan tentative visits and searching the internet. By having your home on the market and internet now, buyers will have the time to view your home when they are more stress-free and have the time.

4) Some home sellers will be more contented selling now

According to the CPA's and financial planners, numerous home sellers would be much better off selling now to get a better tax deduction. Catch a seller who would benefit from a huge tax deduction and they may be more flexible to sell fast.

5) Buy now and move following the holidays

Knowledge tells us that sophisticated home buyers recognize that they can buy a home now at a great price and move after the holidays. Get a great deal now and move as soon as things slow down. Home buyers who buy new homes now can catch the end of the year specials and move when the home is completed this next spring. The buyer has the control in today's buyers market. If good terms are not agreed upon, the buyer can always go to the next home.

6) Get a lower interest rate

At the present time we are experiencing low interest rates. Know-how tells us that interest rates start edging up the end of January. A classy home buyer would like to capture the lower interest rates by locking in on the low rates while they are still low. Some lenders have lock and shop programs. Lock in on a low interest rate now and shop for the next few months' stress free for their dream home.

7) Get assistance and help

For the duration of the holiday season it is more probable that friends and family can visit during your home shopping visits. The more recommendations you can get, especially if you are a first time home buyer, from people who know you the more likely you will make less mistakes. First time home buyers sometimes find it hard to ask the right questions. By having a family member or friend around who knows what to ask or who knows your wants, the course of action can be easier.

8) Home builders are encountering pressures

Throughout the winter time; the quantity of new homes sold goes down. One new home agent gives an account that his sales are a quarter of what they were this summer. With builders building costs and the cost to borrow money increasing, builder are more probable to negotiate on the sale of their new homes now. Typically, builders haven't negotiated on price the past 4 years. Today I received 3 flyers from new home agents with price reductions on their list.

9) Lower payments

We are contacted on a weekly basis of new and improved loan programs that will help lower the monthly payment the home buyer will pay to the mortgage company. Banks have the time to find better loan programs for home buyers now. If a home buyer waited until this spring to speak to a lender and they will most likely converse with a new loan officer who has limited time to work with you and insufficient experience to find the best loan program. One home buyer that refinanced saved $234 monthly by finding a better loan program. What would you do with an extra $234 a month? Confidence home buyers like to buy when home prices are lower and the amount of buyers are limited. At this time, in most markets, the number of homes for sale is down 10% and the number of buyers looking for homes is down 60%, compared to this past summer. A savvy home buyer would like to get a great deal. With the real estate market being a strong buyer's market, why would a buyer feel like waiting until the market shifts to a sellers market? If you are a first time home buyer or a move-up home buyer and you would like to get a good deal, we would be happy to work with you. With foreclosure listings at an all time high, we are sure that the next best deal is right around the corner.
Chris Dowell, author, is a member of the Dowell Taggart Team. Chris has been practicing real estate for 18 years. The Dowell Taggart Team is a team of experienced real estate agents who practice residential and investment real estate in Kansas City. As Kansas City's #1 web savvy residential real estate and investment specialist, we are currently scheduling consultations for savvy real estate home buyers. You can visit us on the web at http://www.DowellTaggart.com