It is a great time for people to get into the housing market as I have mentioned over the last few months.Â Â There is still time to take advantage of the market conditions but don’t wait too long.Â Things will change.
Believe it or not but I have had different buyers bidding and buying properties less than $20K and some that do not need that much work.Â It is anÂ amazing deal and some did not need always need a major overhaul.Â As the market begins turn turn around there are going to be less opportunities like this.Â The deals that are there will be more competitive.Â Some houses such as these can have mulitiple bids on themÂ (as many as five or ten bidders or more).Â If you see a deal move fast and bid competitively whether for investment property or for owner occupied.
It appears that first time home buyers have really taken advantage of the tax credit.Â Â Â “”First-time homebuyers, most between the ages of 25 and 45, accounted for about 45 percent of home sales from January through July 2009, according to the National Association of REALTORSÂ®”.
“This is a historic time,” says George Jaramillo, a 35-year-old business analyst in Atlanta, who recently bought three homes, two of them foreclosures. “It’s a great opportunity to make some great gains in the future.”Â – Realtor.org, Associated Press