Buy Now Buyers Have a Wealth of Opportunity in Today’s Housing Market Competitive Prices, Low Rates, and Improving Affordability Mean Now Is the Time to Act   By Patty Rietkovich   Attributes of the current housing market, such as low mortgage rates, a large selection of available product, and generous builder incentives bode exceptionally well for potential buyers who find themselves favorably positioned when it comes to making a deal on a new home.   “Today’s homebuyers have opportunities they haven’t seen in years,” said Corde Wilson, president of the Homebuilders Association of Greater Savannah. “Gone are the days when dozens of bidders stood in line for a chance to purchase a home at whatever terms the seller dictated. Housing consumers should take advantage now of the low rates, competitive prices, and great buying opportunities in today’s market.”   Wilson noted a variety of reasons that buyers are holding all the cards, including:   Prices have leveled off, and even declined in some areas, making homes more affordable for first-time and repeat buyers.   Houses are staying on the market longer, creating a wider variety of choice for home shoppers.   Mortgage interest rates remain in a very favorable range, near historic lows.   Many builders are offering discounted financing packages and value-added incentives such as a major upgrade to close the deal.   Consumers enjoy the availability of a wide range of financing options in all price ranges.   The economy is solid, job creation is strong, and demographic trends portend strong housing demands in the Savannah area for years to come – all of which bode well for long-term house price appreciation.   “To some extent, it’s true to say that it is always a good time to buy a home, given the equity-building opportunities and tax savings that homeownership affords. The fact is that it is a more solid investment than almost anything else you can think of,” said Wilson.   “But, today’s market is special, in that it’s a much more relaxed atmosphere for buyers than it was when sales were booming. That means you can find the home you want and carefully consider all its attributes before deciding to go ahead with your purchase. This compares to the frenzied atmosphere that prevailed in many housing markets not too long ago, when buyers had to make a snap decision or they risked losing their chance of owning the home they wanted.”                                                                                                                                                                                                                                     Corde Wilson & Patty Rietkovich                                                                                                    Wilson cautioned those who may be sitting on the fence, waiting for the market to head lower. “Those who try to time the market just right in hopes of buying at the very lowest point are likely to lose out,” he said. “First, it’s nearly impossible to predict exactly when the slowing market will start to speed back up again, and, in the meantime, you’re liable to lose the home of your dreams to another buyer. And, second, if mortgage rates head higher while you’re waiting, or some other aspect of your financing changes, you could easily wind up spending more than if you bought now.”   If you want to have the most opportunities in your home purchase, “Now is the best possible time to go for it,” Wilson concluded. “Seldom has there been a more advantageous environment for home shoppers.”   Patty Rietkovich is the Executive Director of the Home Builders Association of Greater Savannah and can be reached at (912) 354-6193.        Click on the links below to see what great incentives these builders are offering! www.davidweeklyhomes.com www.RichmondHillSugarRush.com www.beaconbuildersinc.com www.konterhomes.com                      Ten Good Reasons To Buy Now:   Top 10 reasons.pdf      Two More Good Reasons to Buy Now:     2GoodReasons.pdf      It's a Buyer's Market!   Buyer's Market.pdf          What's Stopping you from Buying a New Home?    Whats Stopping You from Buying a New Home.doc       Top Ways to Add Value to Your Home:    Top Ways to Add Value to Your Home.doc       Take Advantage of Buying Now and Selling with Smarts:     Take Advantage of Buying now and Selling With Smarts.doc         "Now is a Good Time to Buy A Home"   Now is a good time to buy a home.doc         Q & A   Q & A.doc         New Homes, Better Than Ever!   New Homes, better than Ever.doc       Low Rates Await Today's Home Buyer!    Low Rates await today's home buyer.doc       It's a Great Time to Buy!   It's a great time to buy.doc         Communication is the Key!   Communication Is The Key.doc      K. Hovnanian Homes Releases First Nationwide Campaign with great buyer incentives: K Hovnanian Homes Releases First Nationwide Campaign.doc                 www.vancooperhomes.com