4 Reasons for Buyers to Get into the Real Estate Market
In the Chester County, Delaware County and Main Line PA real estate market, I am seeing substantial opportunities for buyers to procure great deals. If you are one of those “on the fence” buyers, it is time to make the jump and accomplish your housing goal! Here are 4 reasons why:
- Mortgage Rates – Mortgage rates are at all time lows! A business associate and mortgage officer recently commented to me that NOW is the time to lock in a rate. We were just discussing a local buyer that we were working with who just locked into a 30 year fixed rate of 5.25%! WOW! What an amazing rate! Such a low rate gives the buyer incredible purchasing power in addition to being a great deal. Yes, rates may trend lower, but there is no guarantee for how long.
- Inventory – There are so many properties to choose from and time is of the essence! Take advantage of this glut as it awards the buyer with more negotiating leverage. In the local real estate markets of Malvern and other main line communities, I have not seen many additional new listings pop up our area, so as the inventory steadily begins to decline, the more difficult it will become to negotiate a better deal for the buyer!
- Inspections – As stated in the above point, this is the time where sellers are more willing to negotiate for repairs or offer financial consideration or concessions for inspection items. When the market turns to favor sellers over buyers, there will be many fewer sellers willing to do additional repairs to assist in moving a property. Do keep in mind that if a seller agrees to sell a property for a rock bottom price, there might not be much wiggle room for repairs as it crosses their pain threshold.
- First time homebuyer credits may be available for you.
Our Very Own Incentive Program
So now you have logical reasons why you should be buying your home now. Great selection, Low Interest Rates and the Experienced Agent to help you buy!. But as they say on TV. Wait! There's More!!
If you purchase your First Home now, we will pay for a First Time Buyers Home Warranty for you! Imagine the Peace of Mind that the new home you purchased is covered for many issues that may arise after you have signed the papers!
The Bill McGarrigle Team is offering all First Time Buyers the AFS Home Warranty Program. This program covers:
As an agent of the Chester County, Delaware County and Main Line PA real estate market, I am strongly encouraging all of my ‘buyer clients’ that are waiting, to act sooner than later as these amazing market benefits won’t last much longer. Buyers, let me help you match your housing needs to a property in the Malvern, Paoli or West Chester area, while taking advantage of spectacular real estate deals!