For those of you who have actually been considering the purchase of a home lately, NOW is the time to act, especially for those of you who live anywhere close to our market here in the Atlanta Ga metro.
I've been in the real estate business for the past 26 years continously, and I've never EVER seen a better time for Purchasers to make their move.
I can list the most obvious reasons in a few short sentences. Interest rates are staying very close to Historicaly low numbers, making good loans plentiful for decent creditworthy customers. Prices are unbelievably low due to the mass quantities of foreclosed homes coming on the market each month, coupled with builders sitting on tons of overbuilt inventory. The supply of housing is extremely plentiful in all price ranges. Many sellers
are willing to walk away with no cash at closing, just to get the mortgage off their backs. Some are even willing to pay cash at closing to cover the cost of sale. I have never seen a market quite so in favor of buyers.
If you're remotely considering a purchase in 2008, I personally would not wait for the market to improve in favor of the seller. This window may be closing by mid to late spring, as we rebound from the winter sluggishness.
If you need the name of a good Realtor in your area, please call me for a referral. If you already live within a reasonable radius of Atlanta, please call or email me for further assistance.
Don't let an opportunity like this one get away!
happy house hunting 2008!
Ron Melin
http://www.RonMelin.com
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