BUY REAL ESTATE NOW IF YOU CAN

Buy real estate now if you can.  It sounds like a rather simple concept on the surface, but, why should you do it?  There are so many conflicting market reports out today which lead to so much confusion that you may ask why now and why not later?  After reading this, browse my listings to find the property that fulfills your needs. 

It really is just this simple, prices and rates have never been this low.  The market bottomed-out last year.  The market may or may not be rising now, but, it will eventually.  You missed the bottom of the market, don't miss the bottom on interest rates and terms.

As of this posting, the initial changes to the FHA loan product will roll out (April 1). Monthly premiums for mortgage insurance will increase from 1.25% to 1.35%. Shortly after, borrowers will no longer be able to drop their coverage at 78% LTV and will carry mortgage insurance for the life of the loan (100% LTV).  Fortunately, we can offer conventional loans with up to 97% financing and secondary homes up to 90% financing for qualified borrowers! What great products!

People may counter that the supply of quality houses is low right now, there may be some truth to that.  It's also true that there are some rare opportunities that come along all the time that don't last long.  Despite what the market is doing, sometimes it just becomes unavoidable that you have to sell your home.  Unfortunately, too many people can't afford their homes anymore; we've all heard those stories.  There are other causes to consider as well.  People still get divorced, die, outgrow their present situations with babies, and need to downsize when kids leave the nest.  The point is, people will still sell quality homes due to pressing needs despite market conditions.

The reasons to buy real estate now are just as varied.  First and foremost, the lending regulation will change dramatically this year.  If you aren’t careful, you could pay a whole lot more than bargained for.  If you need to move up or downsize and you can afford it, don't wait until you can't.  If you can buy real estate now, but can't move right now, rent it out.  Being a landlord can present new challenges, but with a good property and tenant, it can cover your mortgage while you prepare to sell your current home.  I have sold Florida property to a family living in New England who waited a year before moving.  Now they're happy they did, because they were able to comfortably make proper moving and sale arrangements at a reasonable pace for a great price.  They say they were able to buy their retirement home before they were too old to move into it.  Getting away from this year's heavy snowfall was just an added benefit!

You do have to live somewhere. So unless you’re living with family or friends, you’ll either pay a house payment or a rent payment.  That means you're paying for a house and its care and maintenance whether you rent or buy. And if you're renting, you have no assurance of a long-term home, no freedom to do as you wish in your home, and no assurance that your rent will remain constant.                                                               

If you're interested in Brevard County real estate, get in touch. I'll be pleased to help you find the home that fits both your lifestyle and your budget.