Saturday, December 22, 2007 10:31 PM
Sean Schroeder
Buy when the market is low...
Interested in buying a home in Virginia Beach, Chesapeake, Norfolk, Suffolk? The good news is that there are thousands, litterally ten of thousands of homes currenlty available. You have heard the old saying about stocks: "Buy low.. Sell high", the same holds true to real estate purchases.
Buyers, your out of pocket expenses are LOW, almost non-existant, sellers are paying the majority of the buyers closing cost. Some title agencies are crediting or lowering their fees. One such title company I deal with has lowered their fee by $250. On top of that interest rates are low, historically low, yes banks are being carefull but they only have one product to sell -- MONEY, and they only earn more money if they sell money. The banks are making this money readily available to qualified buyers at LOW rates. Last but not least, home sellers are reducing their asking price. Recently one builder told me that they have reduced their new homes by as much as $40,000!
Interested in purchasing a home in Hampton roads, call me today
Sean Schroeder
The Real Estate-XChange
757-839-3954