Is It A Buyer's Market? Read These Signs and then You Decide.....

Is it a Buyer's Market? Read these Signs and then you decide. Here are Some Signs Of A Buyer's Market that may lead one to believe that Sellers should be taking note!

• Increased inventory
• Homes remaining on the market for extended periods of time - longer than six months
• Homes being Withdrawn and then Re-Listed
• Numerous Price Reductions
• Increase In "For Sale By Owner" Lisitngs
• Numerous Foreclosures
• Low Interest Rates

If you are a Buyer in today's Real Estate market, now is an extremely opportunistic time to Buy a Home. Interest Rates are still very low and continue to hover in the 6 % range. If you are renting, you are not building any equity for your future. So why not Buy now while the signs are still in your favor?

If you are a Seller in today's Real Estate market, you may be wondering if it's better to wait until the market swings back around to showing Signs Of A Seller's Market again. However, if you have been in your home for 5-10 years, you will most likely be able to still make a profit on your current home and buy your next home while it's a Buyer's Market! With the increase in Inventory, you will have ample homes to chose from and with the Low Interest Rates, you will be able to make the most of your purchase. The current trend won't last forever, so take advantage of the Signs!

For Homes For Sale in the Pascack Valley area of Bergen County, New Jersey, call Bob & Lisa at (201)218-6802 or visit us online at www.HammersTeam.com. Your Real Estate Resource!