Are you looking for a really good deal - maybe a foreclosure with waterfront at Lake Norman, NC? Or maybe a luxury homes in Davidson, Cornelius, Mooresville, NC? Or a gated community at Lake Norman, NC.
Folks that are in the market to buy a home seem to be looking for deals now. I don't blame you we all love to save money. Sellers that are currently selling now are still in last year's mind set - when it was a sellers market and we frequently saw muliple offers on one property.
So, is it "never the twain shall meet"? Or, is there some kind of happy meeting ground?
Actually, it is a home buyers market and this is a great time for buyers.
But, hold onto your hat. If you are a buyer and looking for a home under $417,000 this may really be a great time. FHA buyers are seeing more appealing loans with less restrictions. Buyers looking for jumbo loans are finding loans much harder to get. Lenders are looking for really good credit scores.
Home Sellers during the past few years were in the drivers seat. Now, sellers are finding it necessary to do the home repairs, improvements and offer closing cost. Buyers are looking for value. With the average days on the market increasing and the compeitition becoming stiffer, sellers may really need to show value and make their home heads and sholders above the rest.
Home Buyers at Lake Norman are often now carrying the upper hand in the negotiating process.
Home Sellers are requiring proof of the buyers ability to finance now. The subprime market has virtually disappeared. Lenders want more money down and higher credit scores.
There is a time and a season for all things - this may be the buyer's season.