Thursday, April 26, 2007

Buyer's Market: If It's On the Front Page, Does That Make It Official?

Front page article on today's Patriot Ledger (complete with color photo !) "FOR SOME, A TIME TO BUY". The feature story by Andrew Lightman tells why two couples chose to buy now. One couple wanted out from their apartment. The other buyers are engaged to be married this fall and saw the 'buyer friendly' market as the opportunity to buy now.

Both are taking advantage of the continuing low interest rate and large inventory of homes for sale. Interviews with the publications editor of the Warren group and a local Realtor, reinforced the advantages that buyers have today. This is particulary true for first time home buyers, as they do not have to worry about how long it might take to sell.

There is no guarantee as to how long either the interest rate will stay low with a large inventory.

The lesson is that if you want to benefit from today's market conditions conditions, you have to stop being a "looker" and turn yourself into a "buyer"!

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