Investing Trends

Well, everyone that was thinking straight knew that sooner or later that home prices would fall. here it is the end of December 2006 and Florida home prices have dropped sharply since the beginning of the year. I have seen builders drop the price of new homes as much as 20%! I have also read advertisements offering free in-ground swimming pools.

I have read at least 3 advertisements this month offering home-buyers a free Mercedes Benz if someone will just buy their home. So, if you weren't able or ready to buy a home this year until now or over the next few months, shout for joy! Welcome to the state of Florida and the "Home-buyers Market!" There is no doubts in my mind that now is the time to buy a new home. Early 2007 will be full of bargains! However, do your homework before you make an offer to be sure that you won't be paying to much. Decide what you can afford to pay for a home and choose the location that you wish to live.

Compare the asking prices of seller's and don't be afraid to make a much lower price offer. Now, it's a "Home-buyers Market" and your in the drivers seat! I recommend staying away from builders who will wish to handle your mortgage financing and be very suspicious of a mortgage broker is representing a seller. This gives them control of your appraisal, as well as puts them in the drivers seat. The drivers seat is designed for you, so don't allow this to happen. Remember, "It's a Home-buyers market" and you are the "Home-buyer!"

The author, Glenn Keller is a veteran of the mortgage industry in Florida and Georgia. Glenn is affiliated with Bretlin Home Mortgage of Florida. Glenn specializes in Conforming, Non-conforming, FHA and VA Mortgage loans in Georgia and Florida. Please visit his website at http://www.bretlinfloridamortgage.com

// posted by Ayden @ 3:53 AM