If you’re considering buying in a new development now, you probably know that with the recent shift to a buyers’ market, your timing is very good.
“The buyer has full power,” says Patrick Mills, real estate broker with CORE. That’s because there’s much more that can be negotiated these days, including many of the costs associated with closing. “It reminds me of 2011 where we were coming out of the recession and people were super hesitant. Anyone who purchased anything in 2011 saw a 50-percent return within two or three years.”
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