Home Buyers seem to be looking at the cup as half empty rather than half full. I look at the cup for those that buy a home now as "the cup runneth over!"
Statistics show that 80% of people feel this is a great time to buy a home. Statistics also show that homes are now more affordable than they have been in generations. Home Prices, especially Bank Owned/Foreclosures & Short Sales, have bottomed out in many locations. Interest Rates won't ever be lower than they are right now.
Should a home buyer lose any value in the home they buy at this time it really doesn't matter. The Mortgage Payment is key. A home buyer needs to pay a payment, whether renting or owneing. Having a home guarantees the neighborhood, schools and location of their choosing. Buying at the right price in the best location with the lowest interest rate will allow an incredible investment for the future. Working with a knowledgeable, local, professional Realtor is an added level of security too.
Now buying a home at this time for Investment works out the same and even better in many cases. There are more Renters than anytime in many decades. Rental Rates are at or near the same as they were at the peak of the market. The Investor will receive a great present income. An Investment Property will also give the Investor an enormous amount of equity once the market stabilizes.
The only concern to buyers at this time is to buy within their means. Personally my suggestion is to buy the most home that is affordable to those buying a home to live. Investors need the expertise of a Realtor that understands their goal as an investor.
Check Out Winter Fun in Santa Clarita, Los Angeles & Southern California in 2012
Find a Home in Santa Clarita, San Fernando or Simi Valley!
See all Bank Owned/Foreclosures in Valencia, Stevenson Ranch & Santa Clarita, Ca.
Your Friend & Realtor,
Tony Lewis * RE/MAX of Valencia www.TonyLewis.com tonyglewis@yahoo.com 661-702-4720
Comments (4)Subscribe to CommentsComment