These are tough times and many people are holding off the purchase of a home for many different reasons. They may not have the money for a downpayment or are concerned about their job situation. But those that are able to purchase now can realize a very good deal. Home prices have bottomed out in many areas, sellers have been waiting for an offer - any offer - for months and mortgage rates are very low, about 5%.
Real estate prices in the Downingtown, Exton and West Chester areas of PA are at 2003 levels and serious negotiations can get them even lower. Let me know if I can help you purchase a home in Chester, Montgomery or Delaware Counties. First time home buyers should seriously consider taking advantage of the $8000 tax credit by purchasing prior to November 30th.