| Many people try to time their purchase according to | | | | and apply for a loan. You must be familiar with the |
| market conditions. Obviously, buying during a down | | | | market, the real estate valuation process, the types of |
| market, or a ''buyers market'' is best, but just when is | | | | properties and mortgages from which to choose and |
| this? Estimating what the market will do in the future | | | | what to look for when shopping for a home. |
| especially the real estate market is virtually impossible. | | | | Sales agents, attorneys, inspectors and appraisers |
| A down market is usually short-lived anyway, so if | | | | must be hired. These individuals may not be looking out |
| you're ready to buy, do it now. We believe you should | | | | for your best interests, so choosing the right ones will |
| buy when it's best for your personal situation. | | | | take time. Negotiating, contracting, inspecting and |
| We're not saying to disregard present market | | | | closing on a property can take even more time. The |
| conditions, as this may affect the amount you offer. In | | | | entire process of purchasing a home, from the time |
| a buyers market, you can usually get away with | | | | you begin actively searching until closing, can take as |
| low-ball offers. Conversely, in a sellers market, homes | | | | little as one month or as long as six months or more. |
| are frequently purchased at full list price, so offers | | | | This largely depends on your needs, buying experience, |
| need to be higher. Market conditions should not affect | | | | financial status, level of participation and the inventory |
| your decision to buy or the timing of your purchase. | | | | and availability of properties in the marketplace. |
| Like any investment or long term relationship a smart | | | | Once the decision is made to buy, be prepared to |
| real estate purchase involves commitment. Your | | | | devote yourself 100 percent to the purchasing |
| decision to buy should be partially based on your level | | | | process. Make the time to do it right. Allocate certain |
| of devotion to the purchasing process. Buying a home | | | | hours each day to investigate and work with service |
| takes hard work, time, research and reliance on many | | | | individuals, inspect properties or meet with lenders. |
| real estate professionals. Finding a home involves | | | | Choose a time of year that makes the most sense |
| more than just driving the streets and searching for a | | | | for this effort. Make sure to plan ahead and enlist the |
| property that appeals to you. You must set a budget | | | | help of family and friends if necessary. |