Coconut Creek Real Estate, Remax ParkCreek

Buyers are in charge when it comes to Coconut Creek real estate these days.  Sellers dont like this piece of news, and who can blame them, after-all no one likes to be on the losing end of a game.  This means that it is a great time to be a home buyer, even better if you dont have to sell a piece of Coconut Creek real estate to buy a new one.  What makes it such a great time to be a buyer?  Mortgage rates, home prices and inventory.  Thats right, these three items add up to create prime buying power.

Mortgage rates are low, averaging just over 4.5% for a 30 year fixed rate mortgage, and they dont appear to be heading up any time soon.  If you have a job and a steady source of income as well as good credit, there couldnt be a better time to buy a new Coconut Creek home.

Home prices are down.  While there are some areas of the United States that appear to have reached bottom, few areas are rising but merely stabilizing.  Some parts of the country are still dropping and bargains abound.

Inventory of homes for sale is high.  A high inventory means more bargaining power for buyers.  There arent a lot of home buyers out there and sellers who are lucky enough to receive contracts dont want a potential Coconut Creek home buyer to get away.

In a nutshell, if you want to buy a home get out there and start looking!

Click here to read a recent article from CNN Money about being in a buyers market.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.