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Selection, lots to select
from. There are over 32,000 single-family homes for sale
and 15,000 condominiums for sale in Massachusetts and Southern New
Hampshire. For most price ranges there are plenty of houses or
condominiums to choose from. There are fewer buyers to compete with
at this time.
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Location, location,
location. Today in a buyer's market you can find more
homes closer to where you work, schools, transportation, and
relatives.
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No bidding wars.
In today's buyer's market there is a higher probability you will
not be competing in a bidding war with another competing
buyer.
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Reasonable offers can be
made. Today reasonable offers bellow asking price will
most likely not offend a reasonable seller.
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Patience is
tolerated. In a buyer's market a you can look at
several homes and without pressure think about your decision for a
few hours.
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Concession and repair
requests are welcome. In a buyer's market you can ask the
seller for financial concessions like the seller paying for your
closing costs and/or pay points to reduce your loan interest
rate. After a completed home inspection you can submit a repair
request to the seller.
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Mortgage companies are
competing for your business. You can shop around for the
best rate and terms as the various mortgage companies are competing
for fewer buyers.