--- title: "ON KTHV: BUYERS MARKET" description: IF YOU ARE THINKING ABOUT PURCHASING A NEW HOME NOW MAY BE THE BEST TIME. WATCH ALLAN AND LAURA TO LEARN MORE. image: https://blog.blrmortgage.com/hubfs/2192019%20KTHV%20Allan%20Huddleston%20Screenshot.jpg --- ![blrm_logo-166x45.png](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/blrm_logo-166x45.png?width=166&name=blrm_logo-166x45.png "blrm_logo-166x45.png") ![logo-rock-mortgage.png](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/logo-rock-mortgage.png?width=180&name=logo-rock-mortgage.png "logo-rock-mortgage.png") ![blog-bg.jpg](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/blog-bg.jpg?width=1600&name=blog-bg.jpg "blog-bg.jpg") # NEWS # ON KTHV: BUYERS MARKET Posted by [Blake Montgomery](https://blog.blrmortgage.com/mortgage-newblog/author/blake-montgomery) on Feb 21, 2019 1:45:30 PM ![Blake Montgomery](https://app.hubspot.com/settings/avatar/0d0a314baa0a411b65de2e97005b52d9) - [Tweet](https://twitter.com/share) IF YOU ARE THINKING ABOUT PURCHASING A NEW HOME NOW MAY BE THE BEST TIME. WATCH ALLAN AND LAURA TO LEARN MORE. ![](https://blog.blrmortgage.com/hubfs/2192019%20KTHV%20Allan%20Huddleston%20Screenshot.jpg) FROM FEBRUARY KTHV INTERVIEW WITH ALLAN HUDDLESTON No headphones? No problem? Read the transcript below! Laura: "Thinking about purchasing a new home now may be the best time to buy, we have Allan Huddleston from Bank of Little Rock mortgage to tell us so we are entering a buyers market, potential buyers markets" Allan: "Right yes good morning" Laura: "Good morning so this is a topic for you if your ears perked up because you said okay I'm ready I'm ready to take the plunge this is something that you'll want to hear." Allan: "Right absolutely, so again we are potentially entering entering a buyers market any time we kind of get to that spring season you see more and more folks who have thought about listing their homes for sale  actually jump off the fence and do that they'll typically kind of wait through the winter months until the weather warms up and the flowers bloom" Laura: "I've always been curious why winter seems to be kind of a dead season. Allan: "I think ,no question, a house just looks better in the spring that's blossoming and blooming so it's a good time. So the potentials there because basically a buyers market is based on inventory now because of the more houses that are out there for sale it can improve the buyers bargaining position or negotiation improves their negotiation so that's where we are entering that season and and we don't know for sure but hopefully we'll see more homes come up for sale in the spring and improve that position." Laura: "Okay so say we do get into a buyers market what are some things to note, that we can expect." Allan: "Yes so in a buyers market and things you can expect are it can lower prices, for the buyer you know when there's more homes out there they have more options you've got more options that can bring the price down you know on the home so that can certainly benefit the buyer." Laura: "Something interesting we just read a story on if you heard it earlier about more people staying in their homes that the elderly population staying in their homes and keeping those homes off the market does that affect anything here." Allan: "It could certainly I didn't hear that but it certainly could if you have individuals staying in their homes so that can certainly affect the market that's going to reduce the number of homes that are out there for sale, obviously, so we'll just have to wait and see if that plays out. Laura: "Any other suggestions for people maybe even first-time buyers that this is a potentially a good time any suggestions for them or tips and advice?" Allan: "I would absolutely say get pre-qualified okay it's free to do it it's not going to cost you anything so there's no reason not to do that. You can go in submit an application, we can just at the core at the base just look at your income, look at your assets, look at your credit, I just make sure that at a minimum you are approved overall but more importantly there's an amount that you're approved for so you're not going out there seeing the house that you love and then finally now after you've made an offer oops, I can't afford it" Laura: "Yeah I saw you wrote on there act quickly absolutely absolutely so definitely go out get pre-qualified have that step completed before you start looking." Laura: "Great Allan Huddleston thank you so much for joining us this morning we appreciate you" Topics: [mortgage](https://blog.blrmortgage.com/mortgage-newblog/topic/mortgage) [preapproval](https://blog.blrmortgage.com/mortgage-newblog/topic/preapproval) [prequalification](https://blog.blrmortgage.com/mortgage-newblog/topic/prequalification) [Get preapproved online](https://blog.blrmortgage.com/mortgage-newblog/topic/get-preapproved-online) [home ownership](https://blog.blrmortgage.com/mortgage-newblog/topic/home-ownership) [Local Community](https://blog.blrmortgage.com/mortgage-newblog/topic/local-community) [On Time Closing](https://blog.blrmortgage.com/mortgage-newblog/topic/on-time-closing) [Home Loans](https://blog.blrmortgage.com/mortgage-newblog/topic/home-loans) [Pre Qualification](https://blog.blrmortgage.com/mortgage-newblog/topic/pre-qualification) [Mortgage Loans](https://blog.blrmortgage.com/mortgage-newblog/topic/mortgage-loans) [Rent or Buy](https://blog.blrmortgage.com/mortgage-newblog/topic/rent-or-buy) ### Subscribe to Email ### Recent Posts ### Posts by Topic - 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