Saturday, February 22, 2014

Buying That First Home Round Two - Part 2

Hopefully you read the first article.  If not, you should.  There's a lot of good information there:

Do Your Own Research BEFORE Contacting a REALTOR

Assuming you've gotten this far, it's important you understand what you're up against in terms of what's out there.  Depending on your buying power, you may find lots of inventory or very little.  It really does depend on the metro, and in this current economy, a lot of homes are being taken by Chinese investors who are dropping 100% cash to buy the homes as an investment (and in some cases, to hide their income in another country).  What's left over is going to fit into a number of categories, and you should understand the differences.