Wednesday, June 18, 2008

Buyers, Now is the Time to Buy

If you are a first time home buyer or a purchaser that does not need to sell your home in order to “cash out” funds to make your next purchase. If you are a home owner that has extra funds and had thought about investing in a 2nd home, a fixer upper or a River home now is the time for you to act. In case you have not heard, inventory in the Richmond, Henrico, Hanover, Glen Allen, King William, and Chesterfield Virginia areas are at an all time high. The Association of Realtors has reported that there is more inventory on the market than there has been in the last six years. Housing in this Central Virginia market for the first time in four years has not seen an appreciated increase but rather a decrease in market value. Sellers are having to make deals unheard of just a year ago. You as the buyer have the upper hand. Mortgage rates are consistently hovering in the 6% range and although the days of the no document or no money down loan are gone, if you have decent credit you can still buy a home. Why? because sellers are willing to pay your closing costs for you if you do not have the money! I encourage you to stop paying rent or if you have been waiting to see what the market is going to do and you do not have to sell act now before the market takes the gradual and inevitable turn it will take. Forecasters have already started to see an upswing in pended sales over the last two months. Get in now low and start accumulating equity and enjoying all of the benefits of home ownership so that if and when you are ready to move sometime in the future you too can realize the great appreciation profits that other home owners did three years ago. If there is anything constant in real estate it is change! Our industry is a cyclical market it always has been and always will be because so many factors influence our industry. You can view all listings in the Central Virginia Richmond and surrounding counties of Henrico, Hanover, Chesterfield, King William areas on my website at Don’t wait! Take advantage of this great opportunity to stop making the investor of your current residence rich and enjoy all of the benefits available to you from your own home ownership. I will gladly assist you in any way I can. If you are interested in talking with a loan officer to see what you may qualify for just send me an email with your contact information and I will forward that to a qualified Mortgage Loan Expert with knowledge of 200+ loan products. That email address is . I look forward to hearing from you.

Compliments of: Kathy Holland, Broker/Owner Resource Realty Services