The dream of home ownership still exists and still makes sense …GOOD sense!

Real Estate Broker/Owner with Richard Weisser Realty

Historic House in Newnan GA. The dream of homeownership still exists!The are a lot of misconceptions about the current state of the real estate market. Many are led to believe that money is not available for the purchase of a home, or that a large down payment is needed to make a purchase.

Nothing could be farther from the truth. There is plenty of money available for “qualified” borrowers.

Buyers don’t need a lot of cash for a down payment, but they do need a good credit score! There are also requirements for verifiable income without a disproportionate amount of debt.

And the best part about being qualified to purchase a home RIGHT NOW is that there are plenty of good deals on homes combined with historically low interest rates. The dream of home ownership has never been more affordable!

To receive step-by-step assistance,, call a Realtor® and set up a buyer’s interview. The agent can advise you about the best way to proceed.

It’s a great time to buy a home, why not take advantage of the opportunity.


Re-Blogged 9 times:

Re-Blogged By Re-Blogged At
  1. Thom Abbott 12/19/2009 03:05 PM
  2. John Occhi 12/20/2009 05:49 PM
  3. D B 12/19/2009 11:45 PM
  4. Patty Mortara REALTOR CRS | Hunterdon County (NJ) 12/20/2009 01:00 AM
  5. Margaret C. Taylor 12/20/2009 06:21 AM
  6. Tim Ludemann 12/20/2009 09:18 AM
  7. Toula Rosebrock 12/20/2009 11:37 PM
  8. Connie Webb 12/21/2009 05:10 AM
  9. Rosemary Brooks 12/21/2009 06:14 AM
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Ted Tyndall
Davidson Realty Inc. - Saint Augustine, FL
I will help You find the Home YOU want to Buy

Richard, Great post. The time is now if you are considering buying a home.

Rock bottom prices and extrememly low interest rates.

Dec 20, 2009 04:54 AM #38
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Richard, for people with good credit, they CAN buy a home. But, some banks are holding back more than others. At least around here they are.

Dec 20, 2009 04:57 AM #39
Jerry Murphy, CRS, SRES
Long Realty West Valley - Anthem, AZ
Anthem, Phoenix, and Scottsdale AZ Real Estate

It's the perfect storm for buyer's right now.  They just don't know it yet.  Good post and best of luck to you.

Dec 20, 2009 05:04 AM #40
Wendy Rich-Soto, Realtor/Broker Associate
Keller Williams Realty, LA Harbor - San Pedro, CA
Owner of @ the WRichTeam

All we can hope is that our clients will listen to us and not the media who make everything seem so bleak.  It does make sense and those who can jump into this market should because otherwise they will be kicking themselves later.

Dec 20, 2009 06:18 AM #41
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

If you can get a loan now is a great time to buy.  I do not think it will last.

Dec 20, 2009 07:04 AM #42
Nancy McNamee
Keller Williams Realty - Roseville, CA

Fortunately I have clients who believe that, and we are looking, but our inventory is very low!  Most everything with a sign is sitting in Short Sale Contingent status.

Dec 20, 2009 07:19 AM #43
Beverly of Bev & Bob Meaux
Keller Williams Suburban Realty - West Orange, NJ
Where Buying & Selling Works

You need to be a qualified buyer to the mortgage company and a qualified homeowner in the mirror. You have to have an honest conversation with yourself if you are in the right position to own a home. Many are but need to be careful about how much they believe they can afford. Just because you can get approved for it, doesn't mean you should go that high. If you're qualified in both situations, then run, don't walk, and get yourself started in the home buying process.

Good luck.

Dec 20, 2009 07:37 AM #44
Ginger Moore
Wilkinson & Associates Realty - Gastonia, NC

Yes, it is a great time to buy a home. Hope we can get some of these buyers off the fence:)

Dec 20, 2009 08:07 AM #45
David Whitehead
RE/MAX Pace Realty - Crown Point, IN

my favorite point that you make is there are incredible deals out there!!

Dec 20, 2009 08:09 AM #46
Tim Ludemann
Ochopee, FL

Great points and all positive instead of the negative we hear everday...great post.

Dec 20, 2009 09:17 AM #47
Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Hi Richard~ For those that have good credit, the key is to spend LESS than you are approved for.  That's my story and I'm sticking to it! 

Dec 20, 2009 10:08 AM #48
James Lyon
Vista Pacific Realty - Sacramento, CA

Many comments about credit and how important it is. While this is definetly a must, many people lack the cash to get into a home.

Dec 20, 2009 01:28 PM #49
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate

I couldn't agree more, now where are all the qualifiers and how do we get more of the middle qualified...

Dec 20, 2009 02:10 PM #50
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Richard, buying a home is still a great long-term investment.  Buying now allows buyers to take advantage of excess inventory and great interest rates.

Dec 20, 2009 02:20 PM #51
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M
This is good information for buyers to have right now. There are so many rumors and so many buyers who just dont't know the realities.
Dec 20, 2009 03:28 PM #52
Mike Henderson
Your complete source for buying HUD homes - Littleton, CO
HUD Home Hub - 303-949-5848

Very true hopefully buyers will understand this and get off the fence.

Dec 20, 2009 04:04 PM #53
Chesapeake, VA

WOW what a surprise a group of Realtors saying its a good time to buy:)

I heard that in 2005 to 2007 also. I appreciate the value to me as a Realtor that type of thinking and marketing but I don't enjoy the taste of the Kool-aid but I am willing to drink it since nothing better is being offered.

Many young buyers have no fear so when they get the kool-aid put in front of them they will drink without hesitation, this should help.

Many Americans with familys won't drink it based on Job security fear and spending their savings on a down payment they may not be able to borrow back in case of emergency.

Those with little cash may drink knowing whether they are renting or paying a mortgage if a job loss

or other problem arises their back living with mommy and daddy either way and the gamble of equity

may be worth it to delay the trip back home.

It is a good time to buy if you stay within your means[similar mortgage to current rent payment] and are disciplined to save for a rainy day and believe[hope] the worst is over, knowing if it gets much worse we will ALL be in the same boat.

Yes those who quilify by SANE standards its a great time if looking for a home[not investment] but if any

manipulation is used to get potential buyers to drink the kool-aid only more suffering will ensue.


Dec 20, 2009 10:27 PM #54
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

It is a good time to buy for a lot of reasons. Those reasons could be different for some folks. Buying for the right reasons instead of trying to keep up with the 'Jones' is not a good reason.


Dec 21, 2009 03:06 AM #55
Karen Rittenhouse - Greensboro, NC
Real Estate Investor

The hard part is that "qualification" guidelines continue to change.  A buyer may be qualified when the offer is accepted but, by the time of closing, they're no longer "qualified".

Here's to hoping that regulators soon come up with guidelines that stick.  Even the lenders are confused today.  Remember when we knew what it took to get a loan and could actually tell our buyers up-front whether or not they would qualify?

Dec 22, 2009 02:14 AM #56
Rosemary Brooks
BMC Real Estate - 209-910-3706 - Stockton, CA
The Mother & Daughter Realty Team

It helps if the loan officers do their work upfront so no surprises.  I agree too short sales are taking over.

Dec 24, 2009 01:51 AM #57
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Richard Weisser Retired Real Estate Professional
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