Why “Now” Is The Best Time To Buy A Home!!

As many people may have heard, the housing market is slowing down across the nation. This presents a remarkable opportunity for potential homebuyers. Three key factors are tipping the scales in your favor- 1) If homes are on the market for longer periods of time, sellers are more flexible on their price because there are more competing properties; 2) Lenders have grown accustom to the higher volume of loans- their first response to try to keep the volume “turned up” is to lower rates to spur buyers to decide to buy (Remember: Most lenders added extra staff and office space during the “boom” time, and now they have to keep the profits coming in the door); 3) It is nearing the end of 2006- Most lenders are making their final push of the year to finish strong, and impress their stockholders, and from a buyers stand-point, these are your last days to get a substantial write off for 2006 for any closing costs paid on a mortgage. Rates have dropped over the past few weeks due to these and other economic factors.

Put it all together and you have an excellent opportunity to save money and capitalize on great rates and great prices on homes. Time is running out for 2006… Get moving and good luck!

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