This is not as simple a question as it sounds. Whether it is a good time to buy real estate has much to do with the circumstances and the goals of the buyer.
Investors are looking for the bottom in this current real estate market. For them, buying too soon or spending too much could mean they will see the value of their investment drop just when they need to try to market it.
For those who plan on staying in their home for at least two to three years or more finding the absolute bottom is not as critical as the market will eventually rebound.
In most of North Carolina, while we have experienced a slow market, we do have a measure of stability that prevented us from experiencing the so called housing bubbles but also prevented us from hitting those huge lows like Las Vegas and California.
Right now, there are bargains to be had in the foreclosure market, but you should be well informed about what exactly is involved when buying these kinds of properties.
North Carolina is a caveat emptor state – “let the buyer beware.” And this is never more true than when foreclosure property is involved since banks/finance companies are exempt from most liabilities concerning these properties. Working with an agent experienced in foreclosure properties is a good place to start.
If you are looking for a retirement home or would like to relocate to our area and are not sure where to begin, we invite you to explore our website (link also at top right) where you will find properties for sale, relocation tools, a visitor’s page and a link to our MLS.
If you would like more information on a property or you have questions, feel free to call or email any of our brokers on the Contact Us page.
Investors are looking for the bottom in this current real estate market. For them, buying too soon or spending too much could mean they will see the value of their investment drop just when they need to try to market it.
For those who plan on staying in their home for at least two to three years or more finding the absolute bottom is not as critical as the market will eventually rebound.
In most of North Carolina, while we have experienced a slow market, we do have a measure of stability that prevented us from experiencing the so called housing bubbles but also prevented us from hitting those huge lows like Las Vegas and California.
Right now, there are bargains to be had in the foreclosure market, but you should be well informed about what exactly is involved when buying these kinds of properties.
North Carolina is a caveat emptor state – “let the buyer beware.” And this is never more true than when foreclosure property is involved since banks/finance companies are exempt from most liabilities concerning these properties. Working with an agent experienced in foreclosure properties is a good place to start.
If you are looking for a retirement home or would like to relocate to our area and are not sure where to begin, we invite you to explore our website (link also at top right) where you will find properties for sale, relocation tools, a visitor’s page and a link to our MLS.
If you would like more information on a property or you have questions, feel free to call or email any of our brokers on the Contact Us page.
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