Take a look at the following reasons on why NOW looks like a good time to buy in Dilworth or any other area, for that matter: 3.) Home prices have continued to drop; sellers are becoming more realistic about the value of their homes. According to Zillow over 27% of the homes sold in September were sold at a loss.1. 30-YR and 15-YR fixed rates have come off their lowest point and have begun to rise; currently up .250-.375% off their lows. 2.) The new NC purchase contract (which goes into effect on 1/1/11) will require tighter time lines and due diligence dollars to purchase. After 1/1/11, buyers will now have to come up with money for two deposits: Earnest Money and Due Diligence. The need for buyers to be more proactive in getting loan approval will go up significantly after December 31st so will overall stress levels.
So today as you think about buying (or selling!) and you’re thinking of waiting,ask all the questions above and consider getting off the fence; the affordability factor and hassle factor may make the decision to get down off the fence easier.