Are you looking to buy Real Estate sometime in the near future?
Watch this video to see 5 Reasons to Buy Real Estate NOW!
Here are the 5 Reasons in further detail:
You’ll have more homes to choose from, meaning you can be slightly more discerning and take a little more time to consider your options. It also means you’re less likely to encounter competing offers and have a little more leverage in negotiations with sellers.
2. Properties Are Now Staying In The Market For More Than 2 Weeks.
Many buyers see a longer time spent on the market and make assumptions that there's something incredibly wrong with the home. After all, it's human to dislike something that everyone else despises. Many home buyers see a longer time on the market and assume that the other home buyers who viewed the property and weren't interested know something that they don't, and just ignore the home altogether. However, most real estate agents will tell you that it's less likely that the home has major problems or the home of a serial killer and more likely something to do with the economy or the home's pricing.
3. Offer Dates Are Frequently Failing Due To Less Competition.
With fewer buyers in the market, those who can still afford to purchase a home are experiencing fewer bidding wars — and that means homebuyer competition is easing. The bidding-war rate dipped below 50% in June, real estate brokerage Redfin said in a housing report link. Homes are now getting one to three offers, compared with five to 10 two months ago and as many as 25 to 30 six months ago.
4. You Can Now Put Conditions In Your Offer.
Conditional offers are used in real estate transactions whereby a buyer’s offer on a home is contingent on something getting done for the purchase to go through. In other words, something has to occur before a sales transaction is finalized. A conditional offer can also refer to an offer of employment contingent on meeting certain conditions. These could include passing a background check, medical clearance, visa clearance, and reference checks.
5. There is Much More Sentiment Of A Balanced Market.
A balanced market occurs when supply and demand are about the same, with home prices rising in line with a long-term average rate of inflation. The sentiment is prone to large swings, however in a balanced market, Sentiments are relatively optimistic for a prolonged period of time.
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