| In this crazy real estate market you may be confused | | | | repairs to be made, they will be sold in "AS-IS" |
| as to when is it a good time to buy a home. There is | | | | condition and although you would get an inspection |
| never a predictable "perfect" time to buy but most | | | | done you cannot expect the seller to make any |
| people tend to think that whenever everyone else is | | | | repairs. You will also not be receiving any type of |
| out there buying that they need to jump on the band | | | | disclosures on the property from the seller since the |
| wagon and hurry to buy. This is actually one of the | | | | bank did not live in the property and knows little about |
| worst times to buy. Look what happened just a few | | | | it and its condition. |
| years back at the 2004/2005 buying frenzy. Homes | | | | If you are thinking of selling your home and home |
| were literally flying off of the shelves, selling for | | | | prices are low in your area you will have a difficult time |
| thousands of dollars over their asking price and in | | | | competing with the prices although if your home is |
| many cases thousands of dollars over appraised | | | | priced well and is in great condition may get good |
| prices. | | | | traffic from people that do not want to do a lot of |
| People tend to follow the crowd. That is not a wise | | | | work on a home or worry about things that may be |
| time to buy as you will likely get caught up in that time | | | | wrong with a home. Some buyers simply want a nice |
| frame and pay more for a home than you should. Of | | | | home, priced reasonably and are able to have repairs |
| course no one can tell you when the very "best" time | | | | done to the home. Keep in mind that it will not be an |
| to buy a home is but prices have now dropped so low | | | | easy time with the number of homes and the |
| that it may be time to start thinking about buying now. | | | | competitive prices. |
| Although all you hear about on television and in the | | | | It is impossible to tell when the very bottom has hit but |
| media is doom and gloom and talk about how many | | | | by the time most people have realized it the prices |
| bank owned homes are hitting the market. What does | | | | have already started to come up and then more |
| that tell you? What it tells the smart investor or buyer | | | | people begin to buy before prices get higher again. |
| is that this may actually be the best time to pick up a | | | | They won't reach those peek prices any time soon |
| great deal. | | | | but then again they never should have been that high |
| You have many opportunities in this type of market, | | | | in the first place. Do not wait until everyone else is |
| bank owned, short sale or just people that are slashing | | | | buying to react, go against the crowd. Really good |
| their home price just to get it sold. Be sure and | | | | investors know the game and never buy when |
| understand what each type of purchase means to | | | | everyone else is buying. Make wise choices and enjoy |
| you. The bank owned homes as well as the short sale | | | | the home you buy as generally it is still a great |
| homes will not come with an opportunity to request | | | | investment. |