It's been a good run -- for home sellers that is.          Now it's the buyers turn!

In many markets over the past five years, anyone posting a "for sale" sign in the front yard was virtually guaranteed to ignite a bidding war. Lots of sellers doubled their investment dollars in few short years.

Since the beginning of the new calendar year, the market place has changed dramatically. The market is now flooded with foreclosures, Auctioned properties and short sales. Furthermore, bankers are desperate to dispose of their “REO’s” (Bank owned properties) that they seized from non paying home owners. In an effort of reviving the real estate market and preventing it from dragging down the US economy, interest rates were lowered. These events, created a great opportunity for first time buyers that could not afford to buy in the past five years. Also investors are taking advantage of the market condition and the new opportunities arising.  As every real estate professional knows, a down-market is the best to time buy!