With summer behind us and spring, a distant memory, the best time to buy is actually staring right at us.
Did you know that fall is a great time to start planning a home purchase?
Most people in Massachusetts are thinking about the holidays and the upcoming winter months.
If you begin your search now, you will probably be negotiating right around the start of the holiday season. Sellers who have their homes on the market during the holidays are usually pretty serious about their need to sell, since the optimum time for selling is in the spring. This puts you in a great bargaining position.
In addition to the upcoming holidays, there are a number of other good reasons to buy a home right now:
- Affordability is better than ever - Prices have fallen dramatically over that past few years making homes more within reach than they have been in decades.
- There is much to choose from - In most towns there is still a large inventory of homes on the market. This lets you be more selective and the competition is helping to keep prices down.
- Builders are offering discounts - With the market down, builders are being more flexible on their pricing and are offering more incentives and upgrades, particularly on homes that are at or near completion.
- Mortgage rates are at historic lows - The Federal Reserve is currently buying mortgage backed securities, an action that is keeping rates down. The 30-year mortgage rate has been staying at around 5% or less and has recently dipped as low as 4.7%. These rates are the lowest they have been since the 1970's.
With rents still sky high in Metrowest Massachusetts and the Greater Boston area, it just makes sense to take advantage of the wonderful opportunities there are currently in the market and to get in on a great season of home buying.
Do you have questions about buying a home in the Metrowest area? I would love to talk with you. Please feel free to call me at 508-881-6230 - any time or E-mail me.
Copyright 2009 - Claudette Millette, Broker, Owner, TheBuyersCounsel - 800-392-1446 - E-mail
Ashland, Holliston, Hopkinton, Natick, Newton, Northborough, Framingham, Shrewsbury, Sherborn, Southborough, Sudbury, Wayland, Westborough
Copyright 2009 - Claudette Millette, Broker, Owner, The Buyers' Counsel - (508) 881-6230
Your Massachusetts Buyer Broker Since 1992
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Ashland, Holliston, Hopkinton, Natick, Newton, Northborough, Framingham, Shrewsbury, Sherborn, Southborough, Sudbury, Wayland, Westborough
Claudette...
These are excellent reasons for buyers to jump into the market NOW!
Richard:
I am glad you agree. Thanks so much.