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Loading ...Almost every family dreams of buying a perfect house be it from a typical home sale or a foreclosure sale. But considering the situation of the real estate market nowadays, a lot of US homebuyers have been experiencing what is called “Crisis of Confidence”.
Homebuyers lack confidence in making real estate deals due to the instability of its market, mortgage fallouts, and the uncertainty on the country’s economic situation.
A survey of 1500 respondents show that there are 70 percent of non-homeowners who actually have no plans of purchasing a home in the succeeding 12 months; while nearly half of that who are in the 18-35 age group reason out that it is too costly and those in the 35-44 age group believe they might not qualify for a home loan. Only 12 percent of the said non-homeowners expect to purchase a home in succeeding 12 months.
Experts believe that it is the effect of the Wall Street and mortgage crisis that has kept the non-homeowners from buying a home, despite half of all the Americans believing that homeownership fulfills their “American dream”.
Having few homebuyers in the market right now makes it a perfect timing for serious buyers to purchase homes because it means less competition in foreclosure auctions and the probability of less people checking out that house you have been eyeing.
If you are ready to make a home purchase then get assisted by experts in finding the best loan, house size and style, even neighborhoods with best home values.
What homebuyers consider in buying a home are: good price, crime rates, good investment, school system quality, and traffic commute.
Usually, the fourth quarter is a slow time for purchasing homes but for buyers who are in good financial condition, it is the ideal time to start. Get the house you want whether from a foreclosed home sale or a traditional home sale, whichever you can afford.
