Chesterfield Real Estate News

Buying a home in a slow market

June 13th, 2011 4:02 PM by Michael Leeker

If you are thinking of buying a home in St. Louis you are one of the lucky ones! It's the buyers that have triple opportunity in this market.

1. Prices are down so you are getting a discount at price levels equal to 3 to 5  years ago, are more.

2. Interet rates in St. Louis are down to 4.5 to 5% ,  what a great time to lock in a rate for the long term.

3. Sellers are motivated, they appreciate the fact that you are interested in their home and most sellers are ready to negotiate.

I suggest that the sellers focus on not what they might get for their home, which will be less than they really want, but the deal they can make on the home they buy!! The discount to buy may outweigh the cost to sell !

RE/MAX tries to maximize these opportunities so that each of our buyers in St. Louis are happy with their results!

Posted in:General
Posted by Michael Leeker on June 13th, 2011 4:02 PM


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