Potential Buyers Prepare for Best Buyers' Market in Recent History
While decade-low housing prices, near-record high inventories, & historically low interest rates signal ‘buyer’s market’ for investors or move-up buyers in many U.S. markets, un-experienced first-time buyers may not know if the time is right to make a move into real estate.
“It’s not about timing the market. It’s about time in the market,” says Steve Berkowitz, chief executive officer at Move, Inc., (NASDAQ:MOVE), operators or Realtor.com® and MortgageMatch.com. “Once you know how long you expect to own a home, look at the historical value performance of properties in the neighborhood. Be confident about your own job security, down payment resources and tolerance for upkeep, as well as the lifestyle you want today and in the near term. While homeownership may not be for everyone, it is the right choice for hundreds of thousands of people. Today’s housing market, especially for first-time buyers, makes it almost impossible not to think about the possibilities.” (*From REALTOR.com)
First-time buyer? Check out some of these resources to begin your journey - and contact me!
First-time buyer? Check out some of these resources to begin your journey - and contact me!
Resources and Guides
Drama-free homebuying resources
Choosing the right agent; Getting outbid; What to do when your loan falls through; Home inspection red flags;
MANY useful facts & data about the Blacksburg area
All you want to know (geography, population, income, workforce, demographics) and more about the Blacksburg area, the New River Valley
Step-by-step IN DEPTH how-to guide
Buying a new house vs. existing house; making an offer they can't refuse; avoid mortgage red flags;
Mortgages, mortgages, mortgages
Mortgage types; escrows; the mortgage glossary; predatory lending
Regular home sales vs. short sales
Many and large differences when entering the world of short sales
Foreclosure buying guide
Buying a foreclosure is tricky and requires (often a great deal of) patience.
Choosing the right agent; Getting outbid; What to do when your loan falls through; Home inspection red flags;
MANY useful facts & data about the Blacksburg area
All you want to know (geography, population, income, workforce, demographics) and more about the Blacksburg area, the New River Valley
Step-by-step IN DEPTH how-to guide
Buying a new house vs. existing house; making an offer they can't refuse; avoid mortgage red flags;
Mortgages, mortgages, mortgages
Mortgage types; escrows; the mortgage glossary; predatory lending
Regular home sales vs. short sales
Many and large differences when entering the world of short sales
Foreclosure buying guide
Buying a foreclosure is tricky and requires (often a great deal of) patience.
Copyright© 2011 Bob Lockee,
All Rights Reserved.
All Rights Reserved.
Hokie
Real Estate, Inc.
318 N Main Street
Blacksburg, VA 24060
Office - (540) 998-1276
Fax - (888) 813-5452
318 N Main Street
Blacksburg, VA 24060
Office - (540) 998-1276
Fax - (888) 813-5452
