Most buyers in todays market have no urgency to buy. Most are sitting around seeing what the market will do and spending another month on rent and making someone else rich. To help them with their lack of enthusiam it's important to educate buyers. I feel most buyers feel educated because they listen to the media so they know whats going on.

Well talk the people who bought their houses in 2006 because the media told them if you dont do it now you might not be able to afford a home ever. Ask them if they will listen to the media again.

Rates are at historic lows. I know we have all heard this a hundred times over, but here are the actual numbers associated with waiting and getting a higher interest rate.

On a $200,000 loan that increased from 6% to a 7% interest rate would cost the buyer an additional $47,340 over the life of the loan. As the purchase price goes up this number only doubles.

For those people who rent their wealth really doesnt grow. Take a look at this example.  The Federal Reserve reports that the average renter accumulated $4,000 in wealth between 1995-2004. That breaks down to $37 a month or just a $1.23 a day. I think I can find that in my seat cushion.  However for a person that purchase real estate the average home owner accumulated $184,400. Regardless of the cycles in the market. Keep in mind between those years we did not have any kind of boom.

Each year a First Time Home buyer waits to purchase a property it costs approximately $18,000. So ask yourself again why are you waiting to purchase real estate? Because the media says it's doom and gloom?

Will you be one of those people when normal appreciation has come back and our interest rate is 10% that said man I wish I would have bought? 

If you are a First Time Home Buyer and have questions about the real estate market here in Central Florida contact Heather Joubran Or want to do some research on your own. Please go to my website My First Real Estate for valuable information on how purchasing a home can be just as easy as signing a new lease. I serve all of Seminole and Orange County which includes, Lake Mary, Longwood, Winter Springs, Oviedo, Sanford, Heathrow, Orlando, Apopka, Winter Park, Maitland, UCF, East Orlando, Baldwin Park, Lake Nona. 

I can be reached by email at hjoubran@remax.net or send me a text message or call at 407-810-6304 or when Im online IM me at Plugoo00226