Why Aren't Buyers Buying?

WHY AREN'T BUYERS BUYING?

 

With rates lower than they have ever been and with homes on sale, home ownership is more affordable then ever before.  So why aren't buyers taking advantage of this market?

 

Many buyers feel they will not qualify for a mortgage.  There is no doubt that obtaining financing is more difficult however not impossible.  FHA is still available to those who have less than perfect credit and a small down payment and seller assist is still available to those who need help with the closing costs.

 

Some buyers are still waiting for the bottom to fall out.  These buyers believe that the prices are going to drop even more than they already have.  However according to the Case Shiller Price Index, the bottom is here or has already passed in most cities.  Many of these buyers will be caught in the guessing game only to find that the prices and interest rates are rising.

 

Seller solutions?  Be sure that buyers coming to your home know that you will accept FHA financing for your home AND that you are willing to provide a seller's assist to help with the closing costs.  If your home is in need of repairs the option for you is accepting FHA203K renovation loans.

 

Make sure your home is in top shape and pleasing to a buyer's eyes.  Clean the clutter, paint the home in earthy colors, add vanilla or cinnamon to the air when buyers are on their way.  A clean crisp home will sell much better than a home in need of lots of repairs.  Even if buyers perceive the bottom has not hit there is nothing like a beautiful well kept home to change their mind about buying.

 

For more information on FHA or FHA203K financing contact me at Sellinghomesjenn@aol.com. 

 

Jennifer Daywalt, Realtor

RE/MAX Results Realty - Phoenixville

Licensed in PA since 2001

Top Realtor 2004, 2005, 2006, 2007, 2008, 2009

Author of "Ask the Realtor" in the Phoenix

Phoenixville's Home Town Realtor

610-489-7355 Main Office

610-999-7693 Direct Line

610-482-9623 Direct Fax

 

I Don't Just SELL Phoenixville; I LIVE Here!

 

Become a friend at www.facebook.com/JenniferHillDaywalt