Thursday, March 22, 2007

It's bargain time for homebuyers

In many parts of the country, sellers have finally gotten the message: They can't be so stubborn about their asking prices. For buyers, now's when to find deals.
By Michael Giusti, Bankrate.com

Two years of stormy real estate markets appear to have created an ideal climate for bargain-minded house hunters who know where to look.

Real estate experts say a switch in the psychology of the housing market has helped buyers to see the silver lining around the market's storm clouds and usher in the fine shopping weather.

"We are now in a solid buyer's market," says David Lereah, the chief economist for the National Association of Realtors (NAR). "It has been a seller's market for many years, but now we are seeing people across the country making deals and bringing prices down."

3 comments:

HotRateQuote said...

New Web Giant Launches Portal Site – Plans on Dominating Web-based Real Estate Sector

04/12/2007
Chicago, IL based Profertee Realty Group, inc launches its much anticipated real estate portal site (www.profertee.com) Monday morning. Partnering with Melville, NY based American Home Mortgage(NYSE: AHM) and Home Buyers Marketing inc, Profertee’s site is boasting access to over 3.6 million real estate listings nation wide, as well as various premium new construction developments located in Orlando, Las Vegas, and Chicago, just to name a few. Profertee’s mission is to offer a free, user-friendly real estate shopping experience, while also providing additional value-added features such as investment groups, home-valuation tools through Zillow integration, useful real estate investing strategies, and free mortgage quotes through American Home’s retail channels. “We are truly a one-stop-shop”, says Profertee CEO Rhoniel Daguro. “The site has everything a user could want, but we really wanted to feature the premier new construction developments. That is something that no one is really organizing online, and we’ve taken things one step further by forming buyers into investment groups, giving them access to considerable savings at the various developments.”

Profertee also provides local one-on-one services through the thousands of realtors approved with Home Buyers Marketing, inc. Users can create an account on www.profertee.com to search over 3.6 million listings for a home anywhere in the US and still deal with a local partner agent once they are closer to buying. It is in this way that Profertee is providing the best of both worlds: the power of the internet + traditional local realtor partners. Navigate to www.profertee.com today and test drive their site. Also stay tuned for our follow up segment on Profertee in June.

Profertee – Prosperity in Property: Exclusive New Developer Condos http://www.profertee.com

Jen said...

It's a great time for buyers but not for sellers. A lot of people are debating if they want to stay at their current residence for a few years until the housing market picks back up or take the little cash they receive, and run. It's a tough call, but you can't change the most volatile market out there. I think we are in a solid buyer's market. Like I said, it's a perfect time for buyers, but not for sellers. Prices are down because we are in a recession, although nobody will actually admit it. Things are slowly picking up though. They say the market will be restored in about 15 months. Things seem to be a little better now. Not perfect, but better than 2007. Or Before. The perfect location to buy right now is in Ft. Lauderdale. You can get a beautiful waterfront condo in Ft. Lauderdale for an affordable price. Sounds like a plan to me.

rehabber101 said...

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