Monday, October 27, 2008

Don't wait to make your home purchase

There are historic trends that show slow down in real estate activity before and post election. Today, 8 days before election, many buyers are waiting to see what happens and who will be elected. However, if you have your finances ready for real estate purchase - don't wait! Act now when the deals are still available and people are anxious to sell and move on to their new lives. After the election, MANY will start looking and you will be competing for the same great deals. In fact, in the recent weeks the market in Denton and Corinth had seen the homes being sold at a HIGHER than listed price, in some cases by 3-5%!!! This is absolutely TRUE! Sellers, and REO arechoosing to list the property at low list price - I have seen 20-30% bellow market value - to attract multiple offers. Also, sellers of high end properties for sale are more likely to go down in price now to lock in the deal than later when real estate market activity returns to normal.

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