Top Three Reasons to Buy a Home Right Now

Lush inventory to select your home from.  More than 50,000 homes are on the market right now in the greater Phoenix area, for example.  New homes, nearly new homes and older homes -- you will see an abundance of inspiring homes in your price range and in the neighborhood of your choice.  With selection at an all-time high, why not buy right now?

Prices have moderated from the highs of 2005.  If your favorite area was priced too high a year or two ago, check again this year; you will be pleased to find many reductions.  New home builders are also offering price reductions and incentives, letting you put the finishing touches on your home.  Sellers and builders want you to buy right now. 

Mortgage rates are still close to the lowest in history.  Get your credit in order by reviewing your credit report and eliminating debt to take advantage of low interest rates (see Decoding Your Credit Report for more information on how to get and understand your credit report).  Work your way through your debt; this is vital to your financial health whether you are buying a home or not.  Ideas for eliminating debt can be found in Eliminating Debt for Homebuyers. You'll also need to save up a few thousand toward the earnest money deposit and down payment.  With these preparations, you'll likely qualify for special treatment with your mortgage lender when you buy right now.

Don't miss out on the chance to own a choice home now when these vital factors are in your favor. 

Contact Marsha at (623) 337-8990 for information on homes in your area.  Search for homes at HomeKey.org. Keller Williams Realty Professional Partners.