Top 5 Reasons That NOW Is The Time To Buy in Austin Texas!
January 3rd, 2008 Categories: Austin Area News, Austin Real Estate News, Dripping Springs Area News, Dripping Springs Real Estate News
1. Location, location, location. Today’s buyers can find homes closer to work. In this market, reasonably priced homes are within biking or walking distance to schools and relatives.
2. Real Financing is available. The ‘wink, wink’ zero down, no doc, adjustable, sub-prime loans are gone. Fixed rates are back. FHA financing, first time homeowner bond programs, special loans for teachers, and police officers are back in business. It’s a great time to buy real estate!
3. Selection, selection, selection. Regardless of the price range a buyer desires, there are plenty of houses from which to choose. Just a few years ago the resale inventory dropped. A buyer was forced to make compromises if they were going to locate the home of their dreams. There is a great selection of attached homes, condos, and townhouses. You can find large lots, small lots, and a lot that will accommodate your boat or RV. There are lots of options in this market.
4. Repair requests are welcomed. After a buyer completes a home inspection, they are allowed to submit a repair request to the seller. In the past a seller might insist the home was sold ‘as is’. Many times, there were back-up buyers waiting for a primary buyer to upset the seller whose home was increasing in value almost daily.
5. There are plenty of specs. In the not too distant past buyer had to ‘play games’ if they wanted a new home. There were lotteries and waiting lists in order to obtain new construction. Builders now have spec homes on the ground and ready to go…now is a great time to buy!
Still have questions, or concerns?
Please feel free to call me… Jeremy K. Frost
REALTOR & Real Estate Blogster 512-636-2746
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