I've been catching up on reading some of my favorite sites. I stumbled across several great articles on the FreddieMac website on Renting vs Buying a home. I know this is not a new subject; however, there seems to be a somewhat different twist to this theme related to timing. I believe the Rent vs Buy subject is extremely relevant right now based on my recent experiences with clients. Several buyers that I have been working with (especially first time buyers) have had great successes with house shopping and getting their fair offers being accepted. A great house at a great price. These are same buyers that a few weeks ago believed they could never become homeowners due to their credit or financial circumstances. The first time home buyer tax credit is making the american dream more affordable than ever before. This turned out to be the RIGHT time for them.
The inventory of houses "for sale" right now is huge and many starter homes I have been showing are nearly "move-in" ready. These are houses that have been well maintained but need a cosmetic makeover; they are the idea purchase. My buyers got the floor plan with the features they wanted. They easily solved the makeover problem (paint/flooring/lighting) by subcontracting the the floors and doing the paint and light fixtures themselves; they inserted the colors/materials that suit their taste, and their home looks "like new" without a huge additional expense.
Don't take my word for it check out the information for yourself; here's the full article, look at the details of your individual situation and determine if this might be the right time for YOU too.
www.TREShomes4U.com or www.RowlettRealEstateAgent.com
Cell: 469-644-4602
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