February 10th, 2010 | 
Author: The real estate market in New Jersey is as volatile as it is in other parts of the country. Foreclosures have caused prices to fluctuate across the market as the competitive pricing of bank owned short sales catches many sellers. Now is the time to buy for anyone that has a steady income and good credit. Sellers of real estate are in a panic over the foreclosure market that is bringing the price of houses in the state down to never seen before lows. As the stock market reels to and fro interest rates continue to be the lowest seen in over fifty years and mortgage companies are offering interest rates as low as 4.25 percent fixed on a 30 year mortgage.
The economy may be off, but for serious home buyers the timing has never been better to invest in real estate. With the number of foreclosure properties expected to rise, banks are taking offers that are 20,000 dollars below current market values for houses that are sitting vacant. IN some extreme cases higher end homes are selling for 60 percent of their value in upscale neighborhoods where a house that went to auction had no bids and ended up back in the hands of the banks.
Finding the right house for the right price can be a challenge as listings of bargain priced homes receive multiple offers are quickly snatched up by buyers that are approved for funding and ready to move on a good deal. To be in the know and move while the iron is hot takes the right real estate agent. Many agents work with brokers that know how position a sale for the right buyer to pounce on a bargain priced home when it comes up for sale.
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RE/MAX (http://www.remax-nj.com) is one of the number one real estate companies in New Jersey with New Jersey homes for sale throughout the state, surpassing top competitors including Weichert and Coldwell Banker. Billings Farnsworth is a freelance writer. Article Source:http://EzineArticles.com/?expert=Billings_Farnsworth |
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