It seems like at least 5 times a week I speak to someone that wants to buy a home, but with all the negative press about the housing and mortgage markets, they are waiting for the smoke to clear. They are nervous and scared and don't understand what it all means.
Each time I run into this, I say the same thing! Jump into the Fire my friend!
Right now is one of the best times in history to buy a home! Not only are mortgage rates still near 30 year lows, but there have not been a better selection of homes to buy in a long time! With a soft real estate market, a pre-approved buyer can walk into any home and with the help of the right real estate professional get the home of their dreams for a steal!
Don't believe me? Investors are having a blast right now! They are buying up homes left and right, even when sales are supposed to be slow. Most of these investors don't keep the home to rent out.. they resell for a Profit! And they are not holding them long! If investors are willing to risk the money they put up in hopes for a quick return, that should be a good indicator that now is a great time to buy!
Spring is coming and I expect the market to start turning around then. If you are thinking of buying a home, don't wait! The selection of homes at these prices, coupled with the availability of no money down mortgage loans make this the perfect time to jump in the fire and get your dream home now!
To get pre-qualified, visit http://www.ednailor.com/Apply_for_a_mortgage_loan.htm
I can also refer you to a great real estate agent if you need it!
I look forward to working for you in these exciting times!
Ed Nailor
Mortgage Specialist
1st Metropolitan Mortgage
10801 Johnston Rd Suite 213
Charlotte, NC 28226
Ph: 704.248.8694
Fax: 704.644.0258
Cell: 704.651.8704
E-Mail:info @ ednailor.com
Copyright 2007 by Ed Nailor. May be reprinted with permission
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You are absolutely right. Buy in a down market (NOW) - hold - repeat.