Top 3 Reasons That NOW Is The Time To Buy A Home

By
Real Estate Agent with RE/MAX Infinity

According to a recent article on RISMedia, the top 3 reasons that now is the right time to buy a home are:

1.  Rising Home Prices:  Home prices are inching upward at an accelerated rate.  Since price is likely the most significant consideration most people have when buying, this is important.  If prices continue to rise, and you buy now, your equity will begin to build as soon as you close.  And home prices ARE projected to increase. 

2.  Low Mortgage Rates:  Yes, interest rates did go up a little in the last month, but they are still super low!  And the gurus are projecting that they will go up even more over the next year.  NOW is the time to get locked in.

3.  The Re-emergence of New Construction:  Builders are building again, but not at the rate they built in the mid 2000s.  Land costs more, materials cost more, labor costs more.  New home prices are going up, too.  Buying today may be your best option because the cost of new constructions isn't likely to decrease.

Regardless of what is happening in the market today, tomorrow, or a year from now, real estate is almost always a good investment for the long term. 

If you would like to see what is available for sale in the southeast valley, we make it easy!  You can visit our website to search for homes, or download our app to your phone to search by texting the word CHANDLER to 32323.  Of course, we're only a phone call away at 480-726-7000.

The Ryan-Whyte Team

 

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The Ryan-Whyte Team at RE/MAX Infinity 480-726-7000

Chandler, AZ

Bill Ryan is a native of Chandler, AZ and has been a full time, active real estate agent and broker since 1974. Bill and his son-in-law, Cory Whyte, have a team of 13 full time agents and administrative staff. Bill is also the owner/broker of RE/MAX Infinity, located at 2450 S Arizona Ave #1, Chandler AZ 85286. Please visit our website at http://www.chandlerocotillo.com where you can search the MLS, find out what your home is worth, and read more about our team and our beautiful towns in the Southeast Phoenix Valley. When it comes to Chandler Real Estate and homes for sale in Chandler, we are the experts! The Ryan Whyte Team is the #1 RE/MAX Team in the Southeast Valley.

 

By Bill Ryan, The Ryan-Whyte Team at RE/MAX Infinity

 

a href="https://plus.google.com/u/0/105695582333199821565/?rel=author“>Bill Ryan

Posted by

Bill Ryan

RE/MAX Infinity Chandler

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Christina Cavins 07/15/2013 11:39 PM
  2. Gene Riemenschneider 07/19/2013 03:32 AM
  3. Winston Heverly 09/03/2013 12:44 AM
Topic:
Home Buying
Location:
Arizona Maricopa County Chandler
Tags:
chandler real estate
bill ryan
homes for sale in chandler
now is the time to buy a home
remax infinity
ryan whyte team
cory whyte

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Rainer
411,614
Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
Pro Lifestyle Solutions

Consumers are aware of the opportunities in real estate, however, most are unable to buy because they can't qualify for a loan, yet they continue to look at homes, don't they?

Jul 16, 2013 01:50 AM #35
Rainmaker
352,007
Travis "the SOLD man" Parker; Associate Broker
Team Linda Simmons, Enterprise, AL 36330 - Enterprise, AL
email: Travis@theSOLDman.me / cell: 334-494-7846

These are the same three things that I tell my buyers as well. Good list!

Jul 16, 2013 01:53 AM #36
Rainmaker
918,388
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Interest rates are definitely on the rise and prices are rising in most areas too.  Best to move now before they go up even further. 

Jul 16, 2013 02:04 AM #37
Rainmaker
764,827
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Bill we agree that real estate if bought right is always a good investment.

Jul 16, 2013 02:17 AM #38
Rainer
225,230
Richard Foster
Nevada Perfect Homes - Henderson, NV
Broker, ABR/M, CREN, CRS, GRI, RRG, SFR

Low Rates? You nailed it, but you missed the most important part. The rates are on the rise, as an economics major I would not be surprised to see the rates between 6 and 8 percent within the next two years, so now it the time to buy.

Jul 16, 2013 02:26 AM #39
Anonymous
Claude Lewis

It is definitely that time. We might  never see these interest rates again in our life time!

Jul 16, 2013 02:41 AM #40
Rainmaker
674,245
Hella Mitschke Rothwell
(808) 226-1095 or (831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker
And inventory is tight, that means sellers are not ready to commit at this time because not enough has sold to make prices go up much. Yes, buyers should take a look now.
Jul 16, 2013 03:08 AM #41
Rainmaker
166,754
Marlene Dietrich
Marlene Dietrich Real Estate - Newport Beach, CA
Neighborhood Real Estate Specialist

Your right

The normal interest rates are around 6 to 6.5% so we are still very very low and all of these buyers need to know that in the low 4's% is still a deal

Jul 16, 2013 03:16 AM #42
Rainmaker
672,953
Jill Sackler
Broker Associate, Charles Rutenberg Realty Inc. "Said and Done!" - Long Beach, NY
LI South Shore Real Estate - Broker Associate

This is the bottom line for anyone not sure what to do: purchasing a home today is still a good deal.

Jul 16, 2013 03:21 AM #43
Rainmaker
1,288,895
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
your real estate writer

The best time to buy a home:

  • When you're wasting money on rent.
  • When you plan on staying in the community.
  • When you're willing to responsible for the upkeep of a home.
  • When you have a good job and some down payment money in the bank.
  • When you can find a house at a price and interest rate that makes the payments fit your budget. 
Jul 16, 2013 07:08 AM #44
Rainmaker
1,427,402
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Sounds like you are taking the words right out of my mouth.  Great post and so true,

Jul 16, 2013 08:58 AM #45
Rainmaker
502,275
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Buyers would do well to get off that fence while the interest rates are advatageous and the home prices are affordable.

Jul 16, 2013 01:28 PM #46
Rainmaker
294,903
Paddy Deighan JD PhD
TimeshareLawyers.pro - Vail, CO
Paddy Deighan J.D. Ph.D

Yup, hard to argue with those points..I am particularly surprised at new home starts...the stats are compelling

Jul 16, 2013 05:01 PM #47
Rainmaker
296,191
Anne Lok
Blue Elephant Realty Inc., Brokerage - Toronto, ON
Toronto Modern Real Estate

One of my buyers decided to drop his search yesterday because he believes the condo market is overheated after the media rolled out the doom and gloom headlines, and two units that he looked at sold within a week at near asking. An overheated market is when inventory sits and no one is buying. He believes waiting will get him a deal down the line. 

Jul 16, 2013 11:10 PM #48
Rainer
205,017
Andrea HoffDomin
Florida Dream Homes Realty - Fort Lauderdale, FL
- in Real Estate always on your side!

That are all good reasons to buy. I have buyers who were interested to buy last year when it was  really inexpensive to get their dream home but cancelled the contract when the home inspection brought up some minor issues and the seller was not willing to fix them. Now they are sorry and ask me when the market will become as it was a year ago. Sorry dear buyers that time is gone.

Jul 17, 2013 09:54 PM #49
Rainmaker
176,831
The Ryan-Whyte Real Estate Team at RE/MAX Infinity
RE/MAX Infinity - Chandler, AZ
Bringing Valley Families Home

There's nothing worse than missing the boat :(

Jul 18, 2013 12:05 AM #50
Rainmaker
246,738
BILLY CRITTENDEN
Missoula Valley Properties, LLC - Missoula, MT
Broker/Owner,ABR,CRS,CNE,CNHS,GRI,RCC,SFR,SRS,SRES

Bill,

When you look at the pro's and con's there's very little reason not to buy in todays market. Thanks fort the post!

Aug 15, 2013 08:39 AM #51
Rainmaker
582,908
Kathy Stoltman
Rockwood Realty - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

Bill, We are seeing more and more buyers coming on the market, now all we need to see is more and more sellers willing to sell.

Sep 03, 2013 01:48 AM #52
Rainmaker
176,831
The Ryan-Whyte Real Estate Team at RE/MAX Infinity
RE/MAX Infinity - Chandler, AZ
Bringing Valley Families Home

Kathy, our market here in Chandler AZ has really changed in the last couple of months.  Inventory is up... finally!

Sep 03, 2013 01:53 AM #53
Rainmaker
488,704
Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic

Business has picked up here in West Michigan. Hopefully it carries into the new year and beyond.

Sep 25, 2013 04:13 AM #54
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Rainmaker
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