Tuesday, August 9, 2011

RH Dembling

If you're planning to buy a house, now is the right time. With the housing market in a slump, it is at the advantage of buyers. In several states such as Florida, Arizona, California and Nevada, some homes have lost as much as 40% of their value. I live in Florida and recently bought a condo property with unbelievable price. Of course as a buyer, I am so happy with my purchase but, my heart sank to the family who lost this property.

Purchasing a home in today's market is a little more difficult than in the past. Many people are defaulting on their loans and their homes are going into foreclosure. A few years back, you would not need a large down payment but in today's market you will need at least 20% down. Some homes can be bought with a small down payment if you are dealing with Fannie Mae or Freddie Mac. If you are dealing with the bank they will require a much larger down payment usually 20%.

In today's market if you are paying cash you have a major advantage over people trying to buy on credit. The banks are trying to liquidate as many of their foreclosures and they can accept offers from a cash buyer over one who has to finance. Also, the closing cost when paying cash are much lower than financing. When purchasing your new home you should deal with a reputable company such as RH Dembling.

Purchasing a home is one of the biggest financial investments most people experience in their lifetime. It would be very foolish to consider a deal in real estate without the help of realty services. A real estate agent has the knowledge of the area and provides you the potential Residential Properties that you are looking for. Your realtor can help negotiate a fair price on the property. A good real estate agent can guide you through the financing process and the closing. So, choose a reputable real estate company and I'm sure you will not regret it.

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