10 Reasons to Buy a Home TODAY, NOT NEXT MONTH, NOT NEXT YEAR BUT RIGHT NOW!

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Mortgage and Lending with NMLS# 335055 335055

Guest Blogger Roy Dawson

 

10 Reasons to Buy a Home TODAY, NOT NEXT MONTH, NOT NEXT YEAR BUT RIGHT NOW!

Now is a great time to buy. And, what's more, tomorrow will be a great time to own, because the fundamental strength of homeownership hasn't changed.

Why is now a great time to buy? Here are 10 reasons:

1. You can get a good deal. Prices are down 30 percent on average. They're at a level that makes sense for people's income.

2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to own are down by a fifth from two years ago.

3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.

4. It'll be yours. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?

5. You can get a better home. In some markets, it's simply the case that the nicest places are for-sale homes and condos.
6. It offers some inflation protection. Historically, appreciation over time outpaces inflation.

7. It's risk capital. If the economy picks up, you stand to benefit from that, even if you're goal is just to have a nice place to live.

8. It's forced savings. A part of your payment each month goes to equity.

9. There is a lot to choose from. There are some 4 million homes available today, about a year's supply. Now's the time to find something you like and get it.

10. Sooner or later the market will clear. The U.S. is expected to grow by another 100 million people in 40 years. They have to live somewhere. Demand will eventually outpace supply.

Roy Dawson with Keller Williams/Prestonwood serving Buyers and Sellers in the DFW area for residential realestate. Carrollton, Plano, Dallas. You need a strong negotiator on your side! http://RoyDawsonHomes.com   E-mail Roy@RoyDawsonHomes.com  PH 972-661-1498

 

 

 

Tom Burris
DallasLoanGuy.com

Dallas, TX

http://www.dallasloanguy.com/
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I write about Texas Home Loans , live in the Dallas, TX area and lend across the entire Great State of Texas!!

http://texashomeloanblog.com/post/1849501/loan-modification-and-home-affordable-modification-program

 

 

Texas FHA Loans- DallasLoanGuy

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Vickie Slade 09/19/2010 05:06 AM
Topic:
Home Buying

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Rainmaker
592,907
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Tom,

Roy,

They're great!

May I add one?

Security! Those with a fixed rate know what there cost are going to be for 15 to 30 years! If the absolute worst happens it takes 6 months to a year after you miss several payments to put a home owner out on the street. Miss just one rent payment and it takes onle 3 to 30 days to find yourself homeless!

Bill

Sep 19, 2010 06:31 AM #1
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Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Tom.. I have been yelled at by some in the industry lately when you said it's a great time to buy now... lol  I had one realtor tell me it felt like a scare tactic... okay, whatever... but as you did here, you pointed out many great reasons why it is a great time to buy now.. nice job here..

jeff belonger

Sep 19, 2010 11:58 AM #2
Rainmaker
481,250
Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience

My glass is half full

I can't help it that many have a glass that is half empty

 

Sep 19, 2010 12:39 PM #3
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748,931
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Tom,  I agree... besides, your glass is always half full or just full.   ;o)

Sep 20, 2010 07:09 AM #4
Rainmaker
1,458,186
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

Great points! I heard rates inched up today, and it's only a short time before they're at 5% again and people are kicking themselves for sitting on that pointy fence hurting their bums!

Sep 20, 2010 01:55 PM #5
Rainmaker
481,250
Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience

That article must have been written by someone who doesn't make enough money to buy a home.... or their credit sucks because they don't pay people what they owe.

 

Sep 21, 2010 06:27 AM #6
Rainmaker
481,250
Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience

Oh.... and the math is laughable. BWAHAHAHAHAH

 

Sep 21, 2010 06:28 AM #7
Rainer
284,368
Steven Cook
No Longer Processing Mortgages. - Tacoma, WA

Tom,

Thanks for the refresher - now if only the renters and fence sitters would think rationally.

Sep 21, 2010 11:33 AM #8
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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

These are a lot of good reasons to buy now.  The interest rates are amazing.

Sep 21, 2010 05:14 PM #9
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Rainmaker
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Tom Burris

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