Now is a good time for Mobile Eastern Shore home buyers. Lower prices, near record low interest rates and high inventories are all working in the favor of Mobile Eastern Shore home buyers. Those home buyers making good long term financial decisions will reap the benefits of the currently soft market for years to come. Here are 5 Mobile Eastern Shore home buying tips for this spring and summer.
1. Think long-term
We may see soft prices for in the short-term, but real estate like other markets, is cyclical. Over the long haul, the market will bounce back and prices will rise.
2. Think local
Real estate is local. Ignore national headlines and listen to your local real estate expert. The real estate market in Columbus OH is not the same as the real estate market in Orange County CA. Work with an experienced Realtor who has been around for awhile and sells real estate full-time.
3. Think deal
Look for deals…foreclosures, short sales and motivated sellers. But be realistic, you are not going to be able to buy for 40-50 cents on the dollar. Your real estate expert and advise you as to what to expect in Orange County.
4. Re-think risk
Don’t buy a foreclosure for the price alone. Many foreclosed properties are in deplorable condition. Get a home inspection and know exactly what you are getting into before you buy.
5. Think budget
Take a close look at your finances and determine how much house payment you can realistically afford. Don’t over buy. It is no fun to be house poor.
Learn more about Mobile Eastern Shore home buying at JudySells.com.