We're experiencing the greatest buyers market that has been seen in many years.  It would seem that first time buyers and move up buyers would be tripping over themselves to take advantage of the current market, right?  Not so much.  What are you waiting for, an engraved invitation?  Well here it is.

You are Hereby Cordially Invited to Partake in the American Dream of Home Ownership

So what's the problem? 

Financing difficult to find?  Financing options are more limiting now, but in general, buyers who should financially be able to buy a home can get financing. 

You want to buy at the lowest part of the market?  That's great but how do you know when the low will occur?  When the market shifted in Middle TN in approximately July 2007, the change seemed to happen over just two or three weeks.  By the time I noticed a change, the market shift had already happened.  It's likely that the market will change back just as quickly.  How are you going to TIME that market?

Now you say, "Prices might continue to go down".  I'll go find my crystal ball and check that for you.  While I'm at it, perhaps I'll look up in the likelihood of rates NOT going up.  It's inevitable that rates will go up.  Any potential advantage buyers have with lower prices will be wiped out by higher interest rates.  Take a look at these numbers which show how a decreased price and an increased interest rate affect the monthly payment. These calculations are based on a down payment of 5%.

Be careful not to miss the forest for the trees.  If you have an income, plan to be in the same geographic area for several years and do indeed need a roof over your head, get off the fence and go buy a home!

If you're looking for Nashville TN real estate, call Tiffany White at 615-260-5858 or search available Middle TN homes at www.TiffanyWhite.com.

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