AtlantaLuxuryRealtor.com

I have previously mentioned that it was looking like rents were expected to increase faster than previously expected. The “Sub-Prime Mortgage Meltdown” would be the main reason. People that were on the edge of affording a home before the SPMM are out of the market now. That increases demand on rentals… until the supply catches up, the price will rise.

So, let me sum this up into a nice, neat package.

• If you are a credit-worthy buyer, this might be a good time for you to exploit that. The market has a LOT of inventory, and deals are to be found.
  
• If you aren’t buying, look for rent to go up.
  
• If you don’t know if you are able to get credit, talk to a reputable mortgage broker. They can tell you if you are able to qualify for something, and what the terms will be.
• Rates are still incredibly low.
  

I am a long way from saying that everyone needs to rush back in to the real estate market. If your credit is shaky, I would recommend you sit on the sidelines a while longer while fixing your credit and building up some cash. I would also still counsel you to talk with a mortgage broker. A good mortgage broker can tell you the real ways to increase your credit scores. I fyou need help in finding Atlanta Ga Real Estate call Dwayne West with Solid Source Realty-Atlanta and we will help you through the homebuying process.

Posted on November 26th, 2007 by Dwayne
Filed under: Uncategorized