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16 Comments on Why YOU Should buy a home NOW
I agree with you. There are alot of wonderful deals to be had if you have the stomach for it. My investment ears & eyes are open.
Jeana Cowie, Broker Associate/Realtor, Re/Max Real Estate Ltd., Bergen County, NJ
Hi Jeana, Thanks for stopping by! I was looking at listings in my area and it is pretty surprising how much you can get for the money right now. tempting! (if you are going to buy and hold)
Hi Rob:
I agree 100%
Now is the time to buy!
Rob - While I am glad to hear that things look like they are going well in your area, I wish I could say the same for mine. I just blogged the other day about how challenging it is here in LA & Ventura counties.
Buying a home here is not for woosies and unfortunately, some of my clients simply can't handle it anymore. Best of luck to you and your clients. :)
Rob,
I just blogged about the same topic last week! I also sent a mailer to my entire database pushing the same message. I totally agree with everything you are saying.
Toula, Brilliant minds thinking alike!!
Hi Donne, Dont tell me bad news! I know CA was hit harder than most states. NJ is slow, but stable
Hi Dianne, I was just about to send something to my database as well, a bit of a kick in the pants to remind everyone how good it is right now, even if the economy is not the greatest
Robert, Buyers need to buy now!!! I have been tracking our low end for some time and the trend is moving upward in price. Not drastically, but enough to jump in before you can't
Kim, I have always seen movement in the lower end, they dont last because there are always 1st time buyers! The good ones have always popped!
These historically low interest rates aren't going to be around forever. They could go away anytime, don't wait for them to drop further......
Exactly Ann, My fear is they will go away this fall.... reality is, when they are this low there is MUCH more upsided potential than down side, so waiting is a risky venture
Robert - I have been telling my buyers and sellers this, but haven't written a blog on it yet myself. You said it better than I could have! Thanks so much for the post!
Hi Lina, Feel free to re-blog it if you like... it is mostly generic except for the mention of the two counties I concentrate in, but you can always add your local stats there!
Rob, bravo checking in 200K congrat's .... now off to 300K I will wait LOL have a great weekend
It is such a great time to buy. When I got my first mortgage, the rate was 9.5! Unfortunately, many people are concerned with job security. It can be difficult to commit to a new loan when you are worried about getting laid off and finding a new job. It's such a snow ball effect. The media having an optimistic attitude may help spur purchases.
Thanks Lynn... you are way ahead of me now.... I have been a bit distracted lately and there dont seem to be enough hours in the day!
Good Morning Amy! My first house back in the late 80's: 11.25%. My first Refi: 9.25% and that was a 5 year baloon, my second Refi: 7.5%, another 5 yr baloon. Things are SO much better now! and I thought I had it good back then, especially since all of the numbers above were with my "LO discount"!