Why buy now? There are a ton of reasons not to buy.
1 The economy is weak. I am worried
2 Housing values have gone down we are not at the bottom
3 There are a lot of costs involved in buying a house
4 My credit is not that good
5 I have now money for a down payment
You can add a bunch of additional reasons I am sure you have heard them all. But consider
1 If you have a good job in a weak economy values are available that would normally not be
2 You never know if you are at the bottom until you start to see an increase in prices
3 Uncle Sam has 8000 for you to buy now. Governor Purdue has 600 a year for 3 years for you to buy. Interest rates are low
4 Let's talk about your credit and see what we can do to fix it.
5 If you are a Veteran or if you are in a rural area VA and USDA loans are available, Also FHA is looking only for 3.5 % down
The Biggest reason of all is owning a home is the one step most folks can take to build wealth and security for their future. With a fixed rate loan you are also hedging against inflation. You can find a ton of reasons not to buy. But you will not ,in my opinion , see a better time to buy in the next 15 years. Call your Realtor. Your Realtor is your home buying consultant. Find out how easy it is and how smart it is to buy now