It is time for the BUYER to pull the trigger. Psychology plays a large part in winning at real estate. General consumer confidence made buyers over-pay for a home during the Seller’s market. The opposite is happening now.
Consumer confidence is low and causing buyers to hesitate. However, the way to WIN is to purchase when prices are falling and the interest rates are low.
Do not make the mistake of concluding that when the prime goes down, the mortgage interest rate follows.
NOW is the time to get serious – before an inevitable rise in interest rates wipes out the present advantage. This is the best period in a near-decade to invest in a home. The plentiful inventory in our marketplace is making sellers eager to help prospective buyers become new homeowners.
It is a definite win for buyers who can qualify for a mortgage in today’s tight money market.