Thursday, April 16, 2009

TO BUY OR NOT TO BUY ---THAT IS THE QUESTION

This is the age old question for someone thinking about buying real estate. It's funny that several years ago when the feeding frenzy on real estate was with us and the prices were rising and rising you couldn't stop someone from buying real estate, fighting in bidding wars and now with prices down, rates at historical lows and a great $8,000 tax credit being given, people are sitting on the fence wondering what to do. As Donald Trump said on the TV the other night, this is the BEST time to buy real estate. I would suggest reading articles from Realty Times and other informative sources. Google real estate news and get the consensus from people doing stats on new loan applications etc. so you can compare what happened last month with this month. Our company just ran stats on what is selling in our area and it appears that the higher priced homes are not selling as well as homes in the 175-275 price range. That tells me if I am a purchaser looking to buy in that higher price range I might be able to find a really good buy.Hello, is anyone out there.

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