How To Get A Great Deal When Buying A Home

How To Get A Great Deal When Buying A Home

How To Get A Deal When Buying A Home In Cleveland

Let’s face it, everyone wants a deal when buying something, especially when it comes to a big ticket item like a home.  This post is for all the buyers out there that have been waiting for the right “deal” to come along, yet haven’t been able to make a final buying decision. 

We must warn you though that we’re not going to describe some crazy revolutionary 3 step program on how to buy a home on the cheap, like you may see some supposed “guru” do on late night tv.  However, we will give you some cold hard facts about the current market and a simple yet startling answer to this question at the end of this post ( yes, you must read this to get our answer ). 

To start, here are some things we know about the current real estate market:

1.     The entire real estate market is on sale right now. Based on reports from all the leading economists, the consensus is that the market has been depreciating and that many communities have seen home values go down to levels not seen in 5-10 years.  While we won’t know until after the fact when the real estate bottom occurs, most markets are at or near the bottom, with some actually on the rise.

2. Mortgage rates are still at historic lows. With interest rates hovering at around 5%, money is cheap and buying a home has never been more in a buyer’s favor.

3.     The Federal Tax Credit is in effect and will expire on June 30th. First-time buyers are eligible for up to $8000 and move up buyers can receive $6500 as well. In an unprecedented move,  the Federal government is actually paying people to buy homes, but you must be under contract by April 30th 2010 to qualify.

4.     Other items related to home buying are also being heavily discounted. When someone buys a home, a new car, furniture, electronics, and home improvements usually follow. As good fortune would have it, all of these things are “on sale” as well.

5.    The winter months bring great buying opportunities. Many homes currently listed have been on the market for a long time and sellers are anxious to sell soon before the spring, when the market will become flooded with new inventory, thus new competition.

So, with low home prices, low rates, motivated sellers, AND a large check from the government waiting for you, the answer to the question ” How To Get A Great Deal When Buying A Home” is this:

BUY NOW!!!!!

Simple, understated, yet obvious. There has never been a better time to buy a home. So what are you waiting for? Don’t let the best buying opportunity in generations pass you by.



About The Authors:

This information is provided compliments of Amy and Dan Schuman, The Schuman Team Keller Williams Realty. The Schumans service both the East and West sides of Cleveland and have worked with numerous professional athletes, business owners, and executives who are relocating to Cleveland. They specialize in the Cleveland Ohio luxury home market and also enjoy working with first-time buyers as well.

If you are looking to buy or sell Cleveland real estate, including the surrounding suburbs, please contact the Schuman Team at 216-346-3235. 


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How To Get A Great Deal When Buying A Home is the property of The Schuman Team and may not be duplicated or used without their written consent. ©Jan 2010 

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