Ask Jean Posts Tagged as rates

Jean Allard, SRES is Vice President and Sales Associate with Keystone Real Estate Group. Feel free to comment on Jean's blog posts and ask any questions you may have on all facets of real estate!

Buying a Home in Today's Market

Published 03/15/2012

What is the housing market doing today?  That's a loaded question, for sure!  It seems as though you need a crystal ball to see into next month or even next week.  For the most part, sales have increased about 8% over last year.  That's good news.  However, prices have declined by as much as 17% within that same timeframe. 

What does this mean for a buyer? 

  • The rates are the lowest we've seen in years
  • If you are renting, you may be able to own for less than what you're paying for rent
  • Inventory is abundant - lots of properties to choose from
  • Tax incentives make it even MORE attractive to purchase a home
  • Buyer's are in the driver's seat, for the most part

Do your homework, and speak with a mortgage broker.  Understand how much you can comfortably afford to spend.  Work with a Realtor.  Trying to negotiate a sale of this magnitude without professional help is not wise.  In most cases, it's the seller who pays the commission.  Working with a buyer's agent allows you to gain professional guidance for free.