There was a great article recently posted on MarketWatch by MSN.
Many people are afraid to buy a home in times like these, with the economy tanking and home prices continuing to fall. But if you’re brave enough to stray from the herd, you might be in for the home-buying opportunity of a lifetime.
Ask for price reductions, improvements, closing costs — whatever — and the seller, desperate to get a contract, is likely to work with you, said Jay Papasan, one of the authors of the book, “Your First Home.” but when the market starts improving, your negotiating power will start to diminish, he added.
1. Affordability is better than ever.
2. You have a large inventory to choose from.
3. Builders are offering big discounts.
4. Mortgage rates are historically low.
5. You can get a federal tax credit
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