Higher home prices and interest rates have been high. In addition to those factors, there has been an overwhelming increase in foreclosures. That means there are more houses that have returned to the market. It would appear that a buyer would be able to get many perks during this time. Factors I would be looking at are lower prices, mortgage broker or realtor potentially reducing their commission in order to move the property and maybe even lower closing costs. I would definitely take my time and make sure that I got the property I wanted at the price I wanted. There is no need to be in a rush. As a mortgage broker or realtor, what do you offer first time-buyers?
