Our Real Estate market continues to offer outstanding opportunities for home ownership!
Prices are down. Interest rates are down. Loan limits for both FHA & VA have been increased, extending the opportunity for many first time home buyers to enter the market.
A huge plus are the tax incentives, both Federal and State offered to first time home buyers. Note: anyone who has not owned a home in the past 3 years is considered a "first time" home buyer.
As you begin the process, you need to search as diligently for the right Exclusive Buyers Agent as you will later for the right home.
An Exclusive Buyers Agent will never "Sell" a home to you. An EBA is there to assist you in the home buying process.
In todays market, more than ever before, you need an Exclusive Buyers Broker working for you to separate fact from fiction. To provide up to date comps of a home you are considering. To assist you in arriving at a fair offering price and if your offer is accepted, to be with you every step of the way through the entire process until Escrow closes and you are handed the keys.
Many new buyers find it hard to believe that in this market, good properties, fairly priced are attracting multiple offers. It happens every day.
It's not unusual for a foreclosure property to sell for $25K more than the listing price. Part of this is hype, part of it is marketing 101. Some lenders are pricing their REO properties below market to create a "feeding frenzy" and drive the ultimate selling price up with multiple offers & even a "final" round of highest & best offers.
Even more confusing are "short sales". It seems that with a short sale, many of rules of the road don't apply. I'll address short sales in a later blog.
Please keep in mind that my services as you Exclusive Buyer Broker are available to you at absolutely no cost.
I welcome the opportunity to meet with you, listen to your needs and to assist you in finding and purchasing a home that is right for you