Now is the Time to Buy in Savannah, GA – Part 2
Now is the time to buy a house in Savannah, GA
There has been a lot of talk lately about the housing market being a “buyer’s market”. Just what is a buyer’s market? According to investorwords.com a buyer’s market is defined as: “A market which has more sellers than buyers. Low prices result from this excess of supply over demand. Also called soft market. Opposite of seller’s market.”
This is the basic definition of a buyer’s market and it is definitely holding true in today’s real estate market. However the buyer’s market that we are currently in goes beyond simple supply and demand. There are other factors that make our current market not only a buyer’s market, but possibly one of the best markets we have ever seen for buying a home.
We are not only seeing a surplus of homes on the market right now. We are also seeing some of the lowest prices on homes in history. Combine this fact with extremely low interest rates, banks that are beginning to lend again, and some of the best tax incentives we have ever seen and what we are multiple signs that say if you aren’t currently a home owner you should be considering buying.
Some experts estimate that some homes, especially higher end homes, are going for almost half of what they were selling for just a couple of years ago. What does this mean to you? It means you can finally afford that dream house you’ve always wanted. Never before has more been available for less than right now. This holds true for all regions of Savannah, GA including downtown, midtown, Ardsley Park, the islands, Southside, and the rest of Chatham County.
Remember that there is a huge tax credit that first time buyers can take advantage of if you buy before the end of 2009. So Contact Helen Militiades today and make your dream of home ownership a reality.