Why You Should Buy a Home NOW!

This is a great market to buy a home! Interest rates are extremely low. If you are in a position to make a purchase, now is the time. The Federal Reserve has cut the rates as much as possible and they are seeing signs the economy is turning. If you wait, you may miss a chance at a great rate. Paying a higher rate, lowers your purchasing power. The lower the rate, the more house you can afford.
 
So what if you are waiting until prices bottom out. How and when will you know this has happened? Align yourself with a real estate professional and find out about YOUR market. Most agents will help you if you ask.
 
In waiting, you may also miss the home you would have loved to be in. You can make money on a home buying and selling. Think about this, "if I live in a home for 10 years and sell it for the same price I paid, I will have lived there building equity for all those years." Renting does not offer this benefit.
 
In conclusion, all markets are different. In Missouri, we did not experience the double digit appreciation of the east and west coast markets, subsequently our market has not declined as other areas in the country have. There are great deals to be negotiated!

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Time Is Running out on the First Time Buyer Tax Credit.