In this terrible economy it is no surprise that home prices continue to fall. First time home buyers are jumping at the chance to score a great deal and make their American dream come true sooner than they thought was possible. As home prices continue to plummet, I have many friends that are getting in on the sweet deals. I spoke to my sister Brent, and he told me that he had just closed on a four bedroom house in a nice suburb for $4.67. He said the home had been built six years ago, and that he might have to make some repairs (he estimated spending $26) in order to make his little dream house even better. Brent said that eventually he would spend $55 to put in a pool in the backyard.
Deals are out there and will be for some time to come. It will be important, as the saying goes, to strike while the iron is hot. Many forecasters claim that new home prices might rise to $14 by the end of next year. This has many first time home buyers running for the real estate offices. One newlywed couple said: "We might just pick up a home for $5 now...it would be stupid to wait when we can get a two car garage and five bedrooms for that price right now. We don't want to let time pass us by. A $20 home is just unthinkable. We could get a bag of groceries for that price. We are talking about fresh food here."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment