Feb 18 2008
Buyers Market for Orlando Relocation
Even though all the economists are constantly surveying the current housing market, it truly is a Buyers Market. Now is the time for buyers to consider their first home, second homes or considering moving closer to their job location. There are several factors that make this such a great buyers market.
One is the Quantity of homes! Not only are there existing homes, but construction companies have not stopped. There are so many houses out there to choose from that a buyer can be as picky as they want. A Buyer does not have to settle like they might have done in 2005. Now a days they can make sure they like the location, like every aspect of the house or build one they want. The reason most of this is possible is because of factor number 2…..
Motivated Sellers!! Sellers are just content with showing their house to someone that they are more willing to be patient; allowing time for buyers to get any or all inspections they wish, allowing room in contracts for repairs and most importantly… our Motivated Sellers are willing to entertain offers below asking price. This allows the Buyer to really shop around.
Another factor is even though all the banks and mortgage companies have discontinued use of of various mortgage programs. The standard ones have remained. For first time homebuyers, the FHA is always (and will most likely) be the one to choose from. And as always the conventional loan is always a good way to start.
If you are a buyer looking to cash in on today’s buyers market, call 888.580.6683 to speak to any of our Relocation Experts for advice or to see any of our properties. We are always here to help.