Why Now is a Great Time to Buy a Home

Buyer

Don’t let the doom and gloom news fool you: for many of us, the current real estate market has produced a prime opportunity for buyers looking to purchase their dream home.

Make no mistake about it: lenders are stingier with their money, and the requirements for a home loan are more difficult. However, if you’ve saved for a nice down payment (prepare to put at least 20 percent down on your home) and if you’ve worked hard to keep a pristine FICO score, then you may very well be on your way to purchasing a new Jacksonville home.

The Top Three Reasons Why Now May be the Time to Purchase Your Dream Home

Low interest rates – With interest rates near historic lows, you have the ability to purchase more home for less money. So, for many homeowners, this may mean being able to purchase a home that, just a few years ago, was way over their budget.

Plenty of homes on the market – The great thing about a buyer’s market is that you will likely have a great deal of homes from which to choose. You can take your time and find the home that is just right for you!

Buyers market – A true buyer’s market – like the one we are in now – enables buyers like you to hold all the cards. With a great supply of homes on the market, you will likely experience sellers that are anxious to sell their homes. What does that mean for you? It means that you will likely be able to negotiate on the price of the home, the conditions of the offer and additional incentives.

The best thing you can do is get the advice of an experienced, qualified real estate agent and lender who will be able to help you determine if purchasing a Jacksonville home is right for you.