You can look at the
statistics for Oklahoma County and
see a drop in the housing market. What you don't see is the selection
of inventory going down hill. Smaller homes such as those needed for a
lot of
first time buyers that want to take advantage of the
First Time Buyer Tax Credit are hard to find. As you search for a home you will
find a lot of houses on the market, but the really nice ones, that don't need a lot of work and will pass the
inspections and appraisals of the Mortgage Companies are really hard to find.
I
believe this depletion of quality homes will inspire more of those
wanting to sell and upgrade to a larger home. With the First Time Home
Buyer Tax relief, ambitious lenders that will guide first time buyers
through credit repair, and offer some of the best interest rates we
have seen in a long time, it has suddenly turned into a good time to
sell.
If you have taken care of your home and are waiting until the market picks up, it's time to start looking at the numbers.
If
you want to buy a home, and have been waiting for a better opportunity,
you should consider getting qualified with a lender and finding a
Realtor who has experience with the latest assistance in home buying.