The Federal Reserve Bank send a strong message today to those home buyers who have been sitting on the fence wondering. The Feds cut the short term interest by half a percentage and cut the discount rate by another half point to 5.25 percent.

 Yes now is a good time to buy. If you can weather the new mortgage qualification guidelines and have been pre-approved with a respectable lender than this is a perfect time to purchase. With low interest rates and more inventory to choose from, buyers are facing less competition. Some sellers are even offering incentives that are very attractive.  From a four bedroom house in San Carlos for $ 750,000 to 5 one bedroom condos at Davey Glen Rd in Belmont. There are opportunities for buyers to negotiate a fair price. After all the market dictates the value of a property not sellers nor Realtors.

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