Buyers Market

It is a good time to buy a home now. Prices are low and in some cases still dropping. Now is the time to buy the home you plan on living in for a long time. Taxes and insurance may or may not get better (we’ll know after Jan 08′), interest rates are around 6%, and desperate sellers are offering crazy incentives. The most important thing you can do is be sure you are eligible to buy. Getting a loan is not as easy as it used to be. There are still programs out there but they are targeting strong buyers, with strong credit, money in a reserve… So this being said be sure you are speaking to a loan consultant/mortgage broker as well as your realtor.