Buying a Home? Nows the Time

By: Nancy Gleason

If you are the kind of person that watches the real estate market closely then this is no secret; now is the time to buy a home. As many of us have noticed, the real estate market has generally cooled off compared to what it was for the last decade. Over the last years America experienced a real estate boom the like of which had never been seen before. There were so many houses being constructed but that was just fine as there were just as many people in the market for a home so the whole thing worked out. However as with all such things, it never really lasts. For some time industry professionals have been fearing the "bubble bursting" and while this has indeed happened in some areas, the whole scale crash that was expected did not happen.

What we have seen instead is the gradual cooling off of the market and its movement into a buyer's market. As you may have guessed this bodes well for home buyers.

For many years the sellers enjoyed their time in the sun and finally the time has come for the buyers to enjoy the same advantages. With this in mind, it's not time to go crazy buying up properties. As the move from a seller's to a buyer's market is a gradual one there are still sellers who will not understand that their homes have to compete more than they did before. Also, this does not change the actual process at all, buyers will still have to qualify for loans, plan their purchases and so on. They should also be ready to look at multiple homes. With fewer buyers in the market, sellers will be trying to create deals that are attractive to buyers so take some time and weigh your options. Remember that a buyer's market means that there are fewer buyers and a wealth of available homes. You should have no trouble finding a great deal an a nice home and sellers will soon realize that they have to make a few concessions on their sale to stay competitive in their market if they really want their home sold in quick and stress-free manner.

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