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Is now the right time to buy Real Estate?

If you read my other blog, MortgageScribe, you will know that I have been strongly in favor of purchasing real estate for quite some time now. There are too many strong factors that all point towards being a buyer or investor... Today, right now.

1. Strong supply of homes on the market in all price ranges.
2. Anxious sellers that are willing to negotiate prices, closing costs or both.
3. Crazy low interest rates
4. Tax Credits of up to $7,500. for first-time homebuyers!!! (this is HUGE)
5. Home prices are down and off their highs. (Buy low, sell high)
6. Mortgages are readily available with safe 30 year fixed rates for most buyers.

Now, because I'm in the mortgage business, I'm not sure many people listen to me. So, for you non-believers... listen in and watch this short video. If you are a Realtor, this is a MUST watch.

Just Click Here. Video is courtesy of www.Foxnews.com

Courtesy of Ken Pederson
Certified Mortgage Planner, CMPS
FAIRWAY Independent Mortgage Corp
717-431-9299
PA's Best Lender

Posted by Ken Pederson, Certified Mortgage Planner on 10/02/2008 07:26 PM

Comments (4)

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4 Comments on Is now the right time to buy Real Estate?

After the blog I just read about the credit market and bank system, are you sure the money will be there? I hope so. Bonnie

10/02/2008 07:34 PM

by Veronica DeCarolis (Weidel Realtors)

Ken -

It's a GREAT TIME to buy.

Don't BUYERS realize it's a BUYERS' MARKET? Why do they have to wait for a Sellers' Market to buy?

However, we now have to realize that home buying is for RESPONSIBLE people - not everyone! But, for those who want to do well, and can qualify - it's a perfect time to buy!

DEAN & DEAN'S TEAM CHICAGO

10/02/2008 07:35 PM

by Dean Moss - Dean's Team Chicago Real Estate Team (Dean's Team - Keller Williams Lincoln Square Chicago)

Ken, great post you are preaching to the choir, I have been saying the same story to anyone that wants to listen or if they do not. Somehow the $700B is overshadowing this message. Keep it up.Thank you for your post.

10/02/2008 07:57 PM

by Endre Barath,Jr. (Coldwell Banker)

Well done, Well Said. Larry King had the Donald on Monday night and even he said it was a good time to buy!!!

10/03/2008 01:44 AM

by Jane Grant - Southwest Real Estate, Inc.

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