Is Now the Right Time to Buy?

Posted: October 25, 2011 in Uncategorized
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Did you know, that according to the National Association of Realtors, 13,452 homes sell every day? Everyday, I speak with many people regarding purchasing a new home. Without fail, I am constantly asked, is now the right time to buy? In my opinion, there are two very important parts to the equation. First, are home prices going to fall further? Maybe or maybe not. The dollar amount that home prices may fall will not effect your ability to purchase and you may miss out on the once in a lifetime deal that everyone is looking for. Second, are rates going to fall further? Maybe or maybe not. We have all heard on the radio and television that rates are at an all time low. Guess what, we have been hearing that for over a year. The difference in payment between a 4.5% rate and a 5% rate may only be $45 per month.
My opinion is this, if you find a home you love, buy it now. Throw away all the speculation and buy a home that is probably listed at an all time low with an interest rate at an all time low. You can’t go wrong. The market is prime for a comeback. We are already seeing homes receive multiple offers the first week it is listed for sale. Find the right home, call me to get preapproved so you are armed with a valid approval, and buy it. Now is the time.

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