5 reasons why now is a great time to buy a home

By
Real Estate Agent with Coldwell Banker Roth Wehrly Graber

 

1.  Mortgage interest rates are at all time lows!  Average rates are at 4.25% but won’t be there forever.  10 years ago they were 7.81%, 20 years ago they were 9.70% and 30 years ago they were 12%!   Don’t expect rates this low to stay that way too much longer.

2.  Deals can be had right now!  Not all sellers are desperate for a buyer to come save them by buying their home for a price well below the list price but there are good deals out there.  If you do your homework (or have a good Realtor who can help do it for you), there are outstanding deals to be had out there!

3.  Rent does not build equity!  Buying a home does!  You are building your wealth and net-worth as you pay your mortgage!

4.  It’s your to do what you want with!  Paint your living room bright orange if you want to.  Get rid of a wall or turn the stairs to the basement into a slide if you want to.  There’s no landlord to tell you what you can or can’t do.

5.  Prices won’t remain where they are forever!  Sooner or later the prices of homes are going to begin to rise again.  Buy while prices are low.

 

 

Posted by

Ben Craver

REALTOR®, E-Pro®
Indiana License #SP30808390

Cell:  (260) 241-5039

Fax:  (260) 489-4060

Email:  BCraver@CBRWG.com

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Comments (4)

Leigh Ann Holman
Leigh Ann Holman - Century 21 Glover Town & Country - Clarksville, AR
REALTOR - Century 21, River Valley, Arkansas (479)774-5166

Great points!  You placed number 1 in the proper place for sure. Interest rates are amazing and reason enough to make the investment, but it's nice to have the other reasons there as well!

Oct 26, 2010 08:53 AM
Victor Zuniga
Berkshire Hathaway Home Services California Properties - San Diego, CA

No matter how much we tell people what a great time it is to buy the constant bombardment of negative news in the media is keeping many buyers on the fence. Great post and you're absolutely right about this being a great time to buy.

Oct 26, 2010 08:54 AM
Ben Craver
Coldwell Banker Roth Wehrly Graber - Fort Wayne, IN

Leigh Ann - Thank you!  Interest rates were put #1 intentionally!

 

Victor - Thanks!  Is hard to combat all the negative press, but we can try right?

Oct 26, 2010 08:58 AM
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Ben, all great points. There really had never been a better time to buy than now.

Oct 26, 2010 09:38 AM