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Today I'm going to be speaking about whether right now is a good time to buy a home or not. The truth of the matter is that now is one of the best times to buy a home in recent memory. Historically low interest rates and loose credit requirements are fueling this fire, but nobody is certain when things will shift and prices will go back up.
It is not difficult to get a loan. You just need to provide the lender with a lot of your information such as credit history, tax information, and employment history. Credit qualifications have been lowered for people that are still recovering from the crash in 2008.
The real estate market in Wilmington is also performing well, and we're seeing a lot more houses come onto the market that are updated and upgraded. It's not hard to find a good home, you only need to offer a fair price and show that you're able to afford it.
As for the future, nobody knows when affordability is going to drop, so I urge you take action if you've been thinking about buying a home.
If you're looking to buy or sell in Wilmington, please don't hesitate to contact me. I'd be glad to help you!
