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Lake Tahoe Real Estate- Why Buy A Home In Today's Market

by Bonnie
Friday, February 12, 2010 12:53pm (PST)

Lake Tahoe Real Estate- Why Buy A Home In Today's Market

You may wondering if now is the right time to buy a home. Many experts beleive that it has become a buyers market so now may be the perfect opportunity. Numerous homes will be available at drastically low prices,since people are losing their homes, with interest rates on 3 and 5- year arms adjusting, as well as those who used 100 percent financing. Today there is a spike in housing inventory which creates the sellers' competition for a pool of qualified home buyers. This may result in negotiating a better price and seller concessions, giving buyers' credits for closing costs. It would be of benefit to purchase a home while interest rates are historically low, significantly reducing the cost. Many experts beleive that since mortgage rates are low now, they are more likey to rise in the future,and it may be wise to buy sooner than later. It is important to keep in mind, as a potential buyer that, this is a different market than in the past. Do not expect the value of your home to increase dramatically in a few years. Instead, think of your home as a long term investment, which is what real estate really is.

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