"The #1 Question about Real Estate Today"
"Is now the time to buy a house?."
Think about it for a minute. In the late 1970's when we were having our 1st gas crisis and inflation was begining to become a major problem. For some I know that sound familiar! The question everywhere was and still is "Is now the time to buy or should I wait?" In the early 1980's interest rates rose to 18% and everone would ask is this my last chance to buy a house? Shortly after, the savings and loan scandal took place and you could no longer assume loans. Adjustable rate mortgages became popular and everone asked, "do you think now is the time to buy a house?" I can take you into the 90's and all the way to the current day, but I think you get my drift-there seems to always be a reason to ask if now is the time.
In order to answer the question, we must first understand the reasons for home buying. Home ownership is more than a purchase; it is and will continue to be "The American Dream". It is the average family's largest investment and represents the largest portion of the family wealth. Equity in a home can mean a lot of things to a lot of families. It can mean a college education for the children, security in retirement, or a head start for our grown children after we are gone. A home is not a short term investment intended for instant wealth. It is an investment that pays off in many ways for a long period of time. Then bottom line: you can pay someone else's rent and let their family receive the bendfits or you can own your home.
So now, let me answer the question. The answer is YES. If you had bought a home at any time during the last 30 years you would have been glad that you did. The very same thing applies today. Experience tells us that inflation and a weak dollar will cause interest rates to increase making house payments higher and knocking some families out of the market. As the population grows, there will be less land available and prices will go up. Once you own your home, these situations work in your favor and not against you. This will allow you the opportunities mentinoned above or the capablitity of buying a bigger home down the road without additonal funds However, I have not gotten into tax breaks and the many other advantages of home ownership.
Example: $150,000.00 Sale
Down Payment: $4500.00
5%--30 Years--$781.00
7%----30 Years--$968.00
Difference--$187.00
+
$8,000.00 Tax Credit
Or
10% of Purchase Price Up to $8,000.00
"IS NOW THE TIME TO BUY A HOME?"
ERA-King Real Estate-
#1 ERA Company in America for
2007
Buying or selling property is a highly complex transaction with a long cycle time. Comparing the sale of a home to buying a share of stock or and airline ticket online is riduculous at best. Those transactions take seconds to complete and the risk of making a bad decision is an inconvenience or a fraction of one's net worth--not so with real estate. That why you need a professional when thinking of buying or selling of real estate. Give me a Call!
WWW.RANDALLTALLENT.COM
This site is designed to help you make the important decisions needed to purchase or sell property. Bookmark it for future reference and feel free to call or e-mail me for all of your real estate needs.
