Six Reasons Why NOW Really Is A Great Time to Buy!

Are you wondering if now is a good time to jump into the Portsmouth New Hampshire real estate market? I know we're all getting mixed signals from the media all over the place - newspapers, magazines, radio, television, the internet, etc.

But if you stop and really think about it, there are some great things going on that make NOW a wonderful time for home and condo buyers to get into the market.

Here are 6 reasons why buying NOW makes a lot of sense:

• Choices! Buyers actually have a number of choices available to them. That's unlike what the market was offering for several years - when a Portsmouth NH home or condo came on the market then, buyers would be lined up trying to get in, and you could barely take a breath before you had to make a decision to buy it or not.
  
  
• Offers Encouraged! Not only are offers encouraged, but they're expected. It wasn't all that long ago that the only offers you could make were over the asking price offer, and you had to decide just how much over the asking price you needed to go to get that house. Here in Portsmouth and surrounding Seacoast towns, sellers are receiving, on average, 96.7% of their asking prices for their final selling prices.
  
  
• Great Interest Rates! The rates today are about the lowest they've been in the last 3 years or so. Sure, the mortgage guidelines have tightened from the days of being able to just breathe and you could almost get a loan, but for good borrowers with good credit and some money in the bank, the mortgage programs are out there waiting for you.
  
  
• Time is Your Friend! In the very robust market of not so long ago, you had basically no time to think about a house after you saw it. You had to make a decision right then and there whether you were going to make an offer, and you had to make that offer very quickly or you'd miss out. Homes in Portsmouth NH, if they're priced realistically and agressively for this market, are selling in a very timely manner, but you do have time to look at a few houses and a little time to think about how you want to proceed. But don't snooze too long if you find just that right house for you - he who takes a snooze may still lose, if you snooze too long.
  
  
• Inspections & Due Diligence Welcome! In the market of a few years ago, not only did you have to go over the asking price, but you usually felt you had to forego any and all inspections as a contingency in the contract. Times have changed, and inspections and other due diligence is welcomed and expected.
  
  
• Closing Costs and/or Inspection Repairs Considered! Not only are inspections welcomed, but if requested repairs are reasonable, many sellers are more than willing to work with you on them. We are also seeing some sellers willing to consider buyer closing cost concessions as well, within reason of course.

As you can see, NOW just may be THE best time for YOU to get out there and find your new home or condo. Buying real estate in Portsmouth NH can be a fun and enjoyable process - I'd love to help you achieve your goal of buying a new home or condo, AND have fun doing so!

Related Articles of Interest For Portsmouth NH Homes and Condos Buyers:

• Buying a Home or Condo in Portsmouth NH and Seacoast Areas
• Portsmouth New Hampshire - A Great Place to Call HOME!
• Coastal Condo Living in Portsmouth NH and Seacoast Areas
• Portsmouth NH Homebuyers - Interest Rates at 3 Year Lows!

Ann Cummings, New Hampshire REALTOR
Broker - NH and Maine
RE/MAX Coast to Coast
Portsmouth NH
ann@anncummings.com
888-349-5678 x 3839
Servicing the Coastal Areas of NH & Southern Maine