Is now a good time to buy?

Jerry W. Jackson a Staff writer for the Sentinel wrote on December 11, 2008,” that Members of the Orlando Regional Realtor Association sold nearly 5 percent more homes in November than they did a year ago, as prices continued to drop to levels not seen since 2004, which has made more homes more affordable, the trade group reported Wednesday.

The number of pending sales also continued its five-month upward trend, rising to 3,326. That’s 84 percent more homes under contract than in November 2007, when 1,806 sales were under contract but not yet closed, the region’s largest Realtor association said.

November’s median sales price of $167,025 for all the homes, condos and town homes sold in the core Orlando market was down nearly 29 percent from last year’s November median of $234,900, and off about 5 percent from this year’s October median. The local median price — the dollar amount at which half the properties sold for less and half sold for more — is now lower than at any time since April 2004, when it stood at $163,000.

The Realtor association said continuing declines in the median price, combined with historically low mortgage-interest rates — which averaged 6 percent in November — have boosted affordability for all home buyers, including first-time shoppers, producing the best conditions for them since March 2004.”

Based on this it is a great time to buy. The next question is:

Why should I should I use a real estate broker?

Answer: Using a real estate broker is a good idea. A real estate professional can guide you through all the details, including financial ones, of buying a home. A real estate broker will be well acquainted with all the important things you?ll want to know about a neighborhood. The agent will help you determine the price range you can afford and will search the classified ads and multiple listing services for homes in your price range. The broker also has immediate access to homes as soon as they?re put on the market, so your chances of locating what you want increase.

Once you want to make an offer, the broker can point out ways to structure your deal to save you money. The agent will explain the different types of mortgages, guide you through the paperwork, and answer last-minute questions when you sign the final papers.

How do I find one in my area?

You are in luck..
The Premium Properties is quickly becoming the leading choice of the most discerning buyers and sellers of luxury property in the most prestigious, impressive, and sought after locations throughout the Greater Orlando area. We specialize in a variety of distinctive properties some of which are in the exclusive neighborhoods of neighborhoods of Dr. Phillips, Windermere, Hunter’s Creek, Downtown Orlando, and Lake Nona. Feel free to utilize the communities section to learn more about Greater Orlando’s many different neighborhoods. Browse The Premium Properties section and view the jaw dropping views these special estates provide. You can choose to search and explore the MLS (Multiple Listing Service) for your next dream home, while exploring different financing options.
Discover how we can help you be abundantly successful whether buying or selling a property. We also have access to bank owned properties offered at significant discounts. If you are not able to find exactly what you are looking for, then let ThePremiumProperties.com team locate it for you and be your guide.

Discover Dr. Phillips homes for sale and Orlando lake front homes for sale ?.

Access crucial tips about buy vacation home – this is your own guide.

This entry was posted on Friday, December 26th, 2008 at 12:44 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.