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Top Reasons to Take Advantage of this Home Buyer’s Market:

Abundance of homes for sale on the market. There are over 6 months of inventory.

Record high foreclosure rates continue to bring down prices. The latest May report had doubled the foreclosures in the State of Massachusetts over a one year period.

Interest rates remain at historic lows.

Starter homes may be much cheaper than renting especially after the tax deductions.

Move up buyers gain more of an investment right away. For example if you bought a $350,000 house a 5% discount and sold your $250,000 at 5% discount you gain $12,000 in value by moving up in a decling market.

Investment and vacation homes prices remain reduced, creating good buys.

Create wealth and take advantage of a buyer's market. We appear to be near the bottom of this market.

 


Posted by Bill Murphy on July 3rd, 2007 9:22 AMPost a Comment (0)

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