Changing Real Estate Market - Can I have an Opportunity?

Yes, it definitely does create a new opportunity. Since the Real Estate market is slowing down, there is a larger inventory of houses. Since a larger inventory of Real Estate exists, buyers can move somewhat slower in making decisions and signing on the dotted line. The market is more balanced at this point in time and there are benefits to this situation for both the buyers and sellers.

Buyer’s advantages are:

1. More choice in houses
2. Decisions can be made slower
3. Sellers will have fewer offers to choose from.
4. Properties will be competitively price from the beginning.
5. Mortgage rates are still at historical lows.
6. Since appreciation is expected at a slower rate, moving up is more affordable.

If you are considering moving, now is a good time to enter the market looking for your perfect home. You will still find a reasonable interest rate; particularly if you have a good credit history and credit score. Sellers will give your offer more attention since they will be receiving fewer multiple offers.

Atlantic County, New Jersey, is one of the areas where prices have just skyrocketed in the past few years. Homes in my neighborhood have risen 75% in the last three – four years. This appreciation makes it difficult for the new buyer or young buyer to enter into the marketplace. The slow down of the Real Estate market will help them tremendously.

Nancy is a Real Estate Professional and Accountant. Visit RealEstateLady