Perfect Timing!
Right now may be the best time to
buy a home.
First, interest rates are low and
possibly going lower. Today you can get a 30 year fixed rate close
to 5%!
Second, Prices have come down
substantially. Some of my clients have purchase properties at
prices $100,000+ less than their previous value.
Third, lenders have brought back
many loan programs that were not available a few months. It is
possible to purchase a house with little or money down.
Fourth, The $7500 first time buyer
tax credit through June of 2009. It may be extended or modified,
but for now, it is only going through June 2009. Instead of
getting a $500 refund on your tax return, you could get an $8000 refund!
(there is a recapture clause but it's a low payment and it's over a long
term)
Fifth. The Recession.
According to several Economic websites, recessions typically last 6-16
months. If we've been in a recession for 12 months, the economy
should be improving soon. No one knows where the bottom of the
market is until well after it starts to rise again.
Sixth, More choices available.
The inventory of homes for sale is still fairly high. You have
more to choose from.
Seventh, Renovation costs are lower. Many
contractors are looking for work and they are competing for the limited
number of jobs available. It may cost less to do those initial
renovations after purchasing a home.
I may add to this list at a
later time...
Buyer Agency
When you look at any real estate in Massachusetts the agent who shows you the home may be acting as an agent for the seller, or an agent for the buyer. A buyer agent can assist you regardless of who is listing the home or if the home is being offered for sale by the homeowner directly.
I started my Real Estate career in 1991 at the first Exclusive Buyer Agency firm in Central Massachusetts. The concept was brand new to the area and the first few years were quite a challenge. I've been representing home buyers longer than just about anyone in the region.
I'm an Accredited Buyer Representative (ABR) and a member of the Real Estate Buyer Agent Council (REBAC). As a Buyer Agent, I have important legal and ethical responsibilities to my clients.
Whether you're looking for your first home or your tenth home, you can benefit by having an experienced buyer agent on your side.
Some important issues and laws that you'll need to know about include:
Stigmatized property law
Radon
Lead paint
Title V and septic systems.
Asbestos
Disclosure Laws
Agency laws
Preparing an Offer
Negotiating Strategies
The Inspection process.
Re-Negotiating after the inspection if major defects are revealed.
The Purchase and sale agreement.
Appraisal
Other relevant topics.
Accredited Buyer Representative
To get started contact me to arrange an initial consultation with no obligation.
Toll-free (866) 239-3283
Send e-mail to Dave
