By Patrick Nolan | January 08th, 2009
If you are confidant that your financial boat has little to no chance of taking water in this market, or, if it did take a little water and you are confidant that your finances will float well anyway, then a question ought introduce itself. "Has there ever been a better time to buy a home?" Mortgage rates are way down, and the inventory of properties is fantastic.
If, as a result, the inclination is there to put a toe in the water and seek out new home possibilities, there are some few simple DOs to keep in mind., whether your search is here along the Ardmore, Bryn Mawr, Wayne, Paoli, Malvern Main Line or elsewhere.
1. Understand what's happening in your local market. As we have said before, Wayne through to Malvern is not an area that is representative of the rest of the nation. Values have kept up here better than in most places.
2. Be sure to investigate for your best deal.
3. Do not purchase foreclosures just because they are cheap. Be careful, know what your doing, and if you don't, consult someone who does.
4. Avoid overly aggressive buying. Be conservative unless certainty rules your financial condition. Remain conservative.
5. Find solid real estate representation. Someone with knowledge, and with whom you can trust.
Wishing you the best of good buys.