If you are thinking of jumping into homeownership, keep in mind these key points:
- Buyers are increasingly finding that the inventory of affordable, move-in-ready homes for-sale is low, making competition to buy higher than in years past.
- While short sales, foreclosed properties, or rent-to-own dwellings may take more time and involve more financial hoops, buyers should not rule out these properties completely.
- Although competition is high, bidding wars of years past where would-be buyers didn’t stand a chance unless they came in above the asking price from the start aren’t the case in most markets. However, buyers considering buying a foreclosure, should keep in mind that all-cash offers from property developers and other buyers are edging out bank-financed offers.
For any and all questions about the buying process, let me know, I am here, I can help!
Jane Loveday
Licence # 01439083
Pacific Sothebys International Realty
619-519-1615 Cell
http://janeloveday.com
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