Now is a great time to buy. Market values are not decreasing as rapidly as they were in the spring and last year--- indicating the market is possibly starting to level. Rates are still low and the inventory is plenty. That coupled with the fact that our peak season is ending and owners will want to unload their beach house due to no more rental income coming in for the next several months. Sellers tend to be more motivated in the fall than the spring and summer. Please check with you lender. Lending criteria and loan scenarios have changed. You need at least 20% down on a second home and jumbo loans may require more. Before prices start to increase, please call with any other questions you have and don't forget I help you with your closing costs!
Wende Pritchard, Owner/Broker-In-Charge
All About OBX Real Estate
888-489-3729
wende@allaboutobx.com - Mon Aug 24 2009, 09:39