Great Time To Buy A House
There are two great reasons why buying a home in 2011-2012 is a great idea. Price and interest rate. Many people get caught up in the confusion of whether the value of homes are going to go down further and they just are not sure when is the right time to get started. The truth is, nobody can tell, but why not buy right now while interest rates are low too?
Consider this, if you buy a house with 1% lower interest rate, it's equivalent to paying 10% less for the property. So while the prices may slowly go down over the next year, interest rates can rise, making those savings that you are waiting for not really worth it at all.
If you wait for housing prices to start rising in order to buy a house that is gaining equity at the time of purchase, you run the risk of missing the great interest rates available right now. Plus consider the fact that is difficult to pinpoint the very bottom of a market recession.
Yes, you can watch the market and figure out when prices are going up, or down, but you have to be diligent and research it current market values on a consistent basis. The only way to do that is to have a real estate agent who works full time in the business to keep you updated and even mail you current sales prices on a regular basis.
In our current market, you are in a win, win, win situation. First, you get a low interest rate. Second, the home you buy will be at a much lower price than in 2006, and third, you will have the satisfaction of having a new house that will gain equity eventually and will be a great investment for your family and become a part of your life.
If you are thinking about buying a house, call Susan
to find the best homes on the market, and get connected with a lender who can find out what your loan needs are and assist you in obtaining a loan. The process is quick and easy. If you're ready to take the first step in making your housing dreams a reality, we are here to help you.