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Is It the Right Time to Buy?
Tom Branch  of Dallas posted this positive story and we have not seen enough positive stories recently.  Timing is everything and when interest rates begin to increase and values are higher everyone will wish they bought earlier.  Now is the time to buy.

I had lunch with the sales staff of a local builder I represent yesterday. A couple of tasty pizzas combined with an interesting conversation led to this post.
Many of the potential buyers are walking in concerned about everything they are reading, hearing, and seeing in the national media. “It’s a bad time to buy”, seems to be the news of the day.
As we sat there and ate, we jumped onto Google and looked at the rents of an apartment complex within sight of the subdivision. The rent for a 1608 square foot apartment is $1639 a month. We compared that to a brand-new 1620 square-foot townhome. The townhome is priced at $195k. An FHA mortgage with a 3.5 percent down payment results in a mortgage payment of about $1626 including principle, interest, taxes, insurance, mortgage insurance, and HOA dues.
For the same money being paid for rent, one could own a townhome. These figures do not take the ... more

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