The Lexington real estate market might be slowing down, but there hasn't been a better time to buy a piece of real estate. In a hot market, you had to jump on a house the minute you discovered it.
You can take your time to find the ideal home now, since there is a greater choice in housing. Room for negotiations is allowed in the existing market. Buyers have even more say at the table, even though the entire process might take a bit longer. Interest rates remain relatively low, as of now. Rates might not be at 6%, like they were in 2004, but for the most part, you are still getting a pretty good deal.
If nothing else, a home is a great investment. Whether you are buying to sell, or buying to keep, owning a house will generate great tax advantages.
|
Copyright
2005 - Real Estate - All Rights Reserved