BUYER BARGAIN BASEMENT
February 16th, 2010 categories: Buying, Market Trends, Selling
With the tax credits in place, low interest rates, and plenty of inventory it seems like a slam dunk to just go ahead and buy a new home. New construction down town condos are an especially good buy these days. They will frequently be smaller space for the dollar and there are a lot of bargains out there.
A basic decision is do I want a brand spanking new first time occupant home or an older home that may be larger? Sunday’s Chicago Tribune had a very good article about the abundance of bargain condos here in the central Chicago area. Click here to read the entire article. Even though there are fewer new units coming on the market this year and next, there is still a backlog of inventory that is forcing developers to lower their prices. One of the interesting facets of this superabundance of new units is the fact that since many of the homes are already finished, a buyer can’t negotiate the finishes as they used to be able to do. In bygone days, a buyer would request thicker granite,wood floors instead of carpet, better kitchen appliances–any upgrade they could get for the same base price as the standard finishes. Including the parking space seems to be taking the place of negotiating a superior level of upgrades. Jeffrey Steele even has a section of this feature article that tells us where the bargains are.
Please don’t let the tax credit pass you buy–a move-up or a first home–both are possible now. If you feel good about your job and would lilke to change from being a renter to an owner or from a home that doesn’t quite suite now to a more desirable one–the timing could hardly be better. Just call me, 312-607-1306, cell, or diredt, 312-981-2306. E-mail is a favorite too.
Other articles for you to read are:
A Hunting We Will Go–Stress Free
This entry was posted on Tuesday, February 16th, 2010 at 3:32 pm and is filed under Buying, Market Trends, Selling. 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.
