Now is the Time to BUY!! Why are buyers waiting?

With Interest Rates Low, and good deals on the Market. Why are the buyers waiting?

After talking with some of my potential clients about purchasing their first home, i have heard some startling objectins to why they are hesitant to purchase a home?

Buyer: The media says we are still in a slight recession and i just dont think purchasing a house is right for us at this time.

YourExitRealtor: Now is the perfect time to purchase your first home, Interest rates are at a Historical LOW! I have had clients lock in at 4.00% we haven't seen rates that low in decades.... Housing prices... sellers need to move there houses, so they are dropping the prices to get them sold.... i saw a house sell for $16K under market value yesterday and it wasn't a foreclosure or short sale...

Summary... Rates are good, Housing prices are Great! BUY NOW...

Buyer: I don't have the money saved for a down payment....

YourExitRealtor: Well lucky for you I have some great lenders that i work with, and there are a few programs out there that if you qualify for you could receive Down Payment Assitance, or you could look at Rural Development qualified houses, which offer 100% Financiing, Yes that is correct i said 100% Financing. So see even if you don't have a lot saved to purchase a house, we might find the right program to help you take advantage of some really great deals on the market now...

Buyer: Are Foreclosures and Short sales a good deal?

YourExitRealtor: Foreclosures are 50/50. They offer you some really really good deals. Some Foreclosures are Move in Ready, and some will require you put a little elbow grease into the house. Foreclosures some time move a little bit quicker than short sales, with Foreclosures you are Negotiating with the Bank Directly, Short sales you have to Negotiate with the Seller and the Bank which could take up to 120 days just to get an accepted offer.

In my opinion i would stick with Foreclosures, but that is not to say you can't find an incredible deal on a short sale.