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We have all heard the pros and cons of buying now versus waiting. You have been consulted by the experts at your company by the water cooler and your family’s Thanksgiving table. The facts are:
1. INVENTORY is high.
2. INTEREST RATES are low
3. INCENTIVES are high. Government tax credits have resulted in a significant increase in buyer activity in late 2009. The extension of the same will push buyers off the fence as they begin to buy before April 30, 2010. This level of buyer will cause a domino effect of move-up buyers.
4. PRICES are low.
The combination of these four major factors results in an environment that is absolutely ideal for real estate buyers.
Remember, real estate has led us out of the last two significant economic downturns (the S&L crisis and post 9/11/01).
When you are ready to discuss prudent buying strategies, contact me at (203) 520-0355 or Firda@sbcglobal.net