Tuesday, March 31, 2009

The Time to Buy is Now

Looking back at Real Estate News in December 2008, and reviewing real estate market conditions and news of March 2009, bolsters the conclusion that the time to buy real estate is NOW.

A recent article from The New York Times , "It May Be Time to Think About Buying a House", highlights that fact that first-time home buyers need to act now in order to take full advantage of their buying potential. "Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rear view mirror and realize that we missed a golden age for first-time home buyers.Then, everyone who sat on their down payment savings accounts for a few years too long will kick themselves for not taking advantage of what may turn out to be the buying opportunity of a lifetime for those who can qualify for a mortgage"

According to this article, first-time home buyers still have the same advantage as always, being that they do not have current property that has to be sold first. That is an added advantage in areas where many available houses simply are not moving, because the people trying to sell them will not be bidding against you.

If you are waiting for the whistle to blow, listen carefully. Do you hear it? Listen... Do you hear it now? First time home buyers, local, national and global investors, are all are active in Tampa Bay’s real estate market today.

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