Why it’s a good time to buy a home

Hey I’m Walter Pierce! I’ve noticed a problem keeping people from becoming homeowners, but I do have a solution.

I see a lot of educated buyers are waiting to buy because the heated market is over. The truth is, there’s more inventory because the rates went up, AND there’s more inventory because more people have decided they should sell while the market’s hot and it IS a great time to sell.

The bottom line is this: it’s a good time to buy because inventory has doubled since last year and instead of getting 8-16 offers on the first weekend of a house going on the market we’re only getting two or three offers and some of those are taking a week to two weeks. Our average days on market as well went from three days back up to a normal 17-45 days.

What we see with these buyers is that some of the down payment programs have gotten extremely helpful, and some of the loan programs have gotten even more flexible but it is still extremely hard to borrow money compared to 15 years ago, however there are some aggressive strategies that can help you maximize on today’s market