Why should I buy a home now?

I firmly believe that we will all look back on 2008 and say "I wish I got that house back in 2008!" 

It is truly a buyers market.

• More inventory than we have seen in years... So Many choices for buyers.
• Interest rates are at very affordable levels
• Sellers are becoming more willing to negotiate
• Lower prices than we have seen in years
• The median price of homes in Monmouth and Ocean counties is no longer falling

What if you have a home to sell?

Worried about losing money on the sale of your home?  You have to take into account the money you will save when you buy your new home.

Here are some completely contrived numbers to illustrate the example:

If your home was "worth"  $225,000 in 2004 and you have to sell it for closer to $200,000.  In your mind you feel like you are losing $25,000. That is NOT the case.  First off, Hind site is 20/20, and you can  kick yourself for not selling at the high forever, no one has a crystal ball!

You pick up much more when you move up to your next home.  If the home you want to buy is $300,000 and the numbers work out in a similar fashion to the above number, you effectively buy your next house at a $37,500 discount.  So in one scenario you see yourself as losing $25,000 but on the other you save $37,500... Thus realizing a $12,500 gain by buying the more expensive house at a discount...

So NOW is a great opportunity to buy.

If you plan to keep the house for the long run, I doubt you can go wrong.

Have a great week,

 Rob

Robert Rauf

www.RobertRaufHomeLoans.com

(732)740-0175

Building Financial Security One Homeowner At A Time.