Attention all buyers! Now is a great time to buy that dream home of yours!
Yes, yes, I know that the media is telling us that the real estate market is terrible. But, in reality, the market right now is great for the buyer!
Here are some reasons as to why it is a great time to buy your home:
1. The mortgage rates are low. I don't think your interest rates will ever get much lower than they are now.
2. There are many homes currently on the market to choose from. The inventory is overabundant and chances are good that you will find the type of home you want at a price you can afford.
3. Homes are now selling at a more reasonable market price. Most of the homes have now come down to a more realistic price.
4. There are incentives for the home buyer. First time home buyers can now also get mortgages which include no money down. The home you're interested in needs updating or renovations? You can include a renovation loan into your mortgage. There are mortgages that will suit your needs. Check with your local lender about this.
Make sure you check with your lender as to what you are able to afford. Your lender will be able to inform you what kind of mortgage is right for you, and the amount you are able to afford so you can shop for the right home without overextending your budget.
So, all you home-buyers! Get ready . . . Set . . . . . GO!!!! Get out there and buy that dream house now! It's out there, somewhere with your name on it. So go out there and find it while conditions are still in your favor!! You never know when the market will change.
Excellent advice, Brigita. I only wish I could do that upgrade right now! Agreed, now is an EXCELLENT time to buy real estate in may markets.
Royal:
We need to get the message out for the buyers not to be afraid of purchasing a home now. This is the ideal time for them to buy.
Scott:
I hope we are getting the message out to the buyers.
Tony:
Granted, not everyone is in the situation to buy now, buy there are many that can. They need to realize that this is the perfect time for them to purchase a home.
Jonelle:
Absolutely! And there are many that will agree.
Linda:
It sure is! We have to get the word out to the consumer so that they don't fall into the media trap and be afraid to buy.
Michael:
The consumer needs to be educated by those of us in the real estate field and inform them of the benefits of buying now. My son has taken advantage of the market and is buying his first home.
You are so right. I am getting people that now want to wait a year (they listen to the media) and they are going to see rates change.
Your Friend in Charlottesville, Virginia!
BLR Guy:
We need to convince the consumer that now is the perfect time to buy!
Charles:
I have the same problem with some of my buyers. I have contacted them and they inform me that they would rather wait until the economy changes. No guarantees that the rates will still be low.
Buying a house is a serious decision. It is the largest purchase one has ever made in his life. It is not an easy task to find an ideal place to live. Recently I have come across one interesting service http://climate.fizber.com/ With the help of climate watch homebuyers can check what the climate is like in another town or city before they move there.
Joel:
Buying a home is one of the most important and difficult decisions anyone will make in their lives. That's why many buyers are taking their time deciding now because of the huge inventory on the market.