Time is Right for Buyers

Despite mid-year figures showing home sales to be only slightly behind last years numbers, the doom and gloom of a slowing marketplace has finally caught up with the Memphis real estate market. Existing home sales have slowed dramatically and builders inventory is climbing as they continue to build at a slower pace, but sales of new homes have fallen off as well. Foreclosed homes are at an all time high for this area.
What does this all mean? It is now a buyer’s market in full bloom and with rates holding and perhaps dropping soon, now is the time to be looking to make a purchase. Choices have never been better and sellers are definitely negotiating to make a successful transaction. So buyers….now is your time to make a great deal on a home. Once you have completed the pre-qualification process with a direct mortgage lender, You can then be on the top of negotiations for a new home. Visit www.BluffCityRealEstate.com for details on how we can help you make your dream home come to reality.