{"id":5290,"date":"2010-09-20T09:19:25","date_gmt":"2010-09-20T13:19:25","guid":{"rendered":"http:\/\/www.amybergquist.com\/blog\/?p=5290"},"modified":"2010-09-20T09:19:25","modified_gmt":"2010-09-20T13:19:25","slug":"buyers-your-time-to-shine","status":"publish","type":"post","link":"https:\/\/www.amybergquist.com\/blog\/2010\/09\/20\/buyers-your-time-to-shine\/","title":{"rendered":"Buyers: Your Time to Shine"},"content":{"rendered":"

Multiple trends in the real estate world are converging this fall to create a home buying environment that favors strategic buyers. Since the buyer pool is pretty shallow right now, we thought it might be worthwhile to devote a week’s worth of posts to buyers. Buyer Week; it’s kinda like Shark Week on The Discovery Channel<\/a>. At least that’s how we imagine it in our minds…<\/p>\n

\"Consider<\/p>\n

So here is the situation (not to be confused with The Situation<\/a>):<\/p>\n

\n– Home prices have been generally falling in Greater Hartford for a couple years now<\/strong>. Nobody knows what will happen next. We don’t know where prices are headed, and neither does anyone else.<\/p>\n

– The first time buyer tax credit pulled a bunch of sales forward to the first half of the year<\/strong>. This has already been documented for Greater Hartford<\/a>.<\/p>\n

– Mortgage rates are at historic lows<\/strong>. Again, nobody knows where they will go next, but we do know that they’re below the historical averages<\/a>.<\/p>\n

– The fall buying season is quickly coming to an end<\/strong>. There is an uptick in deals in September and October, but the market slows considerably as the calendar moves deeper into November.<\/p>\n

– Buyers are strongly preferring picture-perfect, move-in-ready, done houses<\/strong>. Needless to say, most homes don’t qualify. Contrast that to five years ago when people fell all over themselves to get a place they could put a little sweat equity into.<\/p>\n

– There are lots of interesting houses on the market<\/strong>. Though, yes, most of them need at least some updating, and some need significant work.\n<\/p><\/blockquote>\n

Based on that, here’s the angle for sharky buyers. Think about taking a peek at the market right now and going against the current trend by considering homes that need a little bit of work. If you see something interesting, then you may be able to get it for a good price with a terrific interest rate. And if nothing catches your eye, fall back to your original plan.<\/p>\n

Anyway, just some thoughts. Whether you’re considering a purchase now or later, check back in the rest of the week for different stories for buyers.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Multiple trends in the real estate world are converging this fall to create a home buying environment that favors strategic buyers. Since the buyer pool is pretty shallow right now, we thought it might be worthwhile to devote a week’s worth of posts to buyers. Buyer Week; it’s kinda like Shark Week on The Discovery Channel. At least that’s how we imagine it in our minds… So here is the situation (not to be confused<\/p>\n

Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1568],"tags":[1820,1824,2310,2527,2531,2847],"class_list":["post-5290","post","type-post","status-publish","format-standard","hentry","category-buying","tag-buyer","tag-buyers","tag-home-purchase","tag-mortgage-rates","tag-move-in-ready","tag-shark"],"_links":{"self":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts\/5290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/comments?post=5290"}],"version-history":[{"count":0,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts\/5290\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/media?parent=5290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/categories?post=5290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/tags?post=5290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}