When To Buy?
When your timing says “yes” and your need for a home drives you into action. Trying the “Time” the market for the best buy definitely has merit but if you are crawling out of your skin in your current housing situation, isn’t your quality of life worth something too?
Currently, the market is really low and could go lower depending on the location. HOWEVER…empirical evidence demonstrates that with each market downturn, there is a recovery that takes the value of homes higher than the previous high as long as you can ride it out to recovery.
Here are the current realities of the market that make it ripe for entry.
Money is cheap to borrow because of low interest rates. Furthermore, we know what it takes to get a loan today. No telling what the requirements will be in the future. The Federal Housing Authority is offering tremendous opportunity for buyer’s looking to purchase homes with loan amounts up to $625,000 with little (3%) to zero down payments to qualified buyers. If you desire to be a homeowner, you owe it to yourself to at least find out if you qualify for a home loan. It’s easy and we can guide you to the right people to talk to.
Your negotiating strength with sellers is HUGE right now. This is the market where “deals” are made by those able to see them and with the stomach to act. As the market adjusts upward and sellers regain their confidence, the buyer opportunities will diminish and those who stayed on the “side lines” today will regret not getting in tomorrow.
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