Best time to buy…
CNNmoney.com just released an article stating it is the best time to buy a home in more than 4 years. With the high amount of foreclosures and surplus of houses on the market, the value of homes is dropping rapidly leaving many homes undervalued. Just a few days ago my husband showed me another article about the Dallas market and how undervalued the homes are. Dallas is the most undervalued area of all the large cities with homes priced 30% below the true value.
It is true. You can get a great deal right now. As we more into heavier traffic time for the spring and summer, we will see more people needing/wanting to move. Because no one wants their home to be on the market for too long, many homes may be put on the market a little low or the price dropped quickly after being on a month. Buyers will likely see the good homes go fast. The homes staying on for a long time are the homes no one wants. But there will be plenty of activity this summer with new homes being listed daily.
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