If you are a 1st time homebuyer or a buyer that is ready to buy right now, builders have "tons of deals" on their "spec" homes. These are homes that are complete and ready to move into right now.
Some builders may call them Express Homes or by some other similar name, but it's all the same. And there are huge discounts to be had if you can buy right now! Builders want to get these homes sold and are willing to offer incentives on financing, extras, discounts, etc.
There are a number of ways they are enticing buyers to come in and buy these homes and reduce the inventory they have on hand.
I know there is a different story every day in the news of the sub prime meltdown. You know how the weatherman "make a story" about every "snowstorm" that comes are way? Well the subprime story is being handled in much the same way. Yes, there is a sub prime issue but a lot of what you hear is media buzz.
If you have good credit and can document your income, loans at good rates are available.
You are never going to be able to call an exact bottom to this real estate market, just as you can't do it in the stock market.
If you are buying a home as a long term investment it is a great time to buy!
Post any questions you might have here, or if you prefer email or call me nina@ninarocus.com or my cell is 630-776-5263. Let me know where you would like to live and I'll tell you what "deals" are available in that area!!