Certainly, it has been an interesting market with many ups and downs, dips and flips. Property foreclosure rates are through the roof!   Home owners are re-negotiating bad loans with some even giving up, choosing to walk away from their dreams. In the midst of it all is still the First Time Home Buyer, scared and shaken by what they’re hearing on the news. Is now truly the time to buy? Yes it is! As a real estate practitioner who has seen more than a few market deviations, I take this one in stride. While the situation may not be ideal, it’s a great time for first-time home buyers and some are beginning to get the message.
Why? Home buyers purchasing during the brisk market of the past had to run to get that special home and they paid more for it! Anxious buyers with limited resources competed for a fewer number of quality homes in their price range.   If you were in the market to buy a home, you needed your running shoes and a real estate professional that was on top of the game, aggressive and willing to work for the deal. For some, the process was overwhelming and the race for their dream home a fight to the finish. Well, the tide has turned and buyers have gained some control. What does this mean for the first time home buyer in this market?

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