Home Buying in 28443>Question Details

Terry Peters…, Real Estate Pro in Hampstead, NC

Why is now such a great time to buy real estate?

Asked by Terry Peterson, Hampstead, NC Fri Nov 14, 2008

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Because our economy is a disaster in majority places and people are forced to sell very cheap. In certain areas we deal with an enormous amount of foreclosures. It is a buyer's market in Jacksonville area. Going south towards Wilmington market is getting better and I would say that Wilmington has a healthy market. Good luck!
0 votes Thank Flag Link Tue Nov 18, 2014
Terry,

I like the positive twist on your question......inventory, interest, value, opportunity
0 votes Thank Flag Link Tue Nov 18, 2008
Real Estate is a supply and demand business. With so many great properties in the market and relatively few buyers, there are tremoundous opportunites for value.
0 votes Thank Flag Link Tue Nov 18, 2008
We are still experiencing record low interest rates which allows a buyer to purchase a lot more house for their money. And, of course, the housing market in most areas has a more than abundant supply of homes for sale. This allows the buyer to have more choices to pick from and, if the seller can't wait a year or more to try and sell it, may sell their home for much less than what it's value currently is or will be in the future. Elayne Tiller, Realtor, GRI, QSC, Real Estate One, Traverse City, MI 231-632-0035 or elaynetiller@realestateone.com
0 votes Thank Flag Link Fri Nov 14, 2008
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