Diamond Mortgage Blog

May 16th, 2008 10:44 AM

     There has never been a better time to buy. It’s a buyer’s market. 1st time home buyers, 2nd homes buyers, and investors need to get out there and find a nice piece of property to hold. Prices are flexible, so that you can negotiate with sellers. Some sellers are carrying 2nd loans to get there homes sold. It’s a great time to buy.

     If you are a 1st time buyer start looking. Give Diamond Mortgage Lending a call so that we can get you qualified to buy. The deals are out there and your chance to haggle with the sellers. Three years ago that would never happen. Once a property was listed with an agent it was in escrow the next day with 2-3 back up offers.

     Is there a place that you and your family like to vacation or get away to? Its time to purchase that second home for you to get away. If you have a college student it may be better for you to buy house or condo for your child to live in then to stay in the dorms.

There has never been a better time for investors buy. Investors need to look in strong rental markets so they can get a good return on there investments and the property pays for itself.

     Now seller are carrying 2nd mortgages to get their property sold or they just want a better return on their money then the bank can provide. It never hurts to ask.

      My prediction is that we will be in a buyers market till 2011. So you can buy and hold. Becoming wealthy is a long process. It doesn’t happen over night.


Posted by Nevin McGee on May 16th, 2008 10:44 AMPost a Comment (0)

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