Why You Should Buy A House In The Current Market Before It’s Too Late

Why You Should Buy Real Estate In The Current Market Fast A dutch article about snel geld lenen gives an interesting view.

Following the subprime disaster of 2007 and the economic crisis of 2008, numerous homeowners are facing a harsh picture as real estate values drop sharply together with the stock market. Many homeowners have watched their real estate values go down sharply to below the level that they originally purchased the place for. This trend is disturbing for sellers, but presents home buyers with an opportunity to purchase a place at a low price.

Real estate values sank as far as eighteen percent according to one study on this real estate market. Numerous sellers are suffering because their homes have dropped in price dramatically. Across the U.S., homeowners are trying to deal with the fact that their home is now worth less than what they paid for it.

With the crashing real estate values connected to the record number of foreclosures, new home starts have suffered as well. The number of foreclosed homes available has stuffed the market with available homes that are inexpensive as banks and other lenders are ready to let go of these homes for considerably less than what they are worth. Buyers who are in the market for a new home are suddenly presented with cheap choices that they did not have before.

In the current real estate market, affordibility is crucial. If consumer were sharp and had laid aside a significant sum of money to put down as a down payment, they can probably get financing if they have a good credit score. While banks might be falling over, there are enough other institutions and government entities that can get qualified buyers a loan.

Homeowners who were thinking about putting their house on the market are reconsidering that idea because of the reduced housing values in the current real estate market. They certainly will not get their asking price, not in this buyer’s market. Unless they need to sell their home because of severe financial trouble, most experts are advising homeowners to stay put where they are.

The fact that real estate values are going down dramatically is not good for the overall economy nor pleasant for homeowners. While reduced real estate values do not bode well for the economy as a whole, they do present an opportunity for people who can actually purchase a home in these times. With property values so low at the moment, bargain hunters will surely find something to their liking, provided they can get financing and are ready to put down a large down payment.

About the author

Sherry Fields Sherry Fields has been working in real estate since 2002. Working with the development team for the Hilton Garden Inn gave her strategic information on the commercial real estate market in Missoula. Broadening her scope she moved into the residential market and earned the designation SFR in short sales and foreclosures. Currently affiliated with Prudential Montana Real Estate, she works with both buyers and sellers "building relationships so you can buy & sell with confidence". Sherry Fields has recently earned the CREN designation - Certified Real Estate Negotiator. While price is a large part of negotiation - it is also about timing everything from the closing date to inspections, appraisals, home insurance - and it is about negotiating items that can show up in home inspections to achieve a mutually acceptable outcome.

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