Now is The Right Time to Buy a Home

In today's market, there are potential home buyers who are trying to determine whether this is the right time to buy a home. If you are planning on making a move-up or down in the future this may be a great time to make the move instead of waiting.  Some of these buyers need to sell prior to buying their new home.  I realize selling and/or buying a home is a major undertaking, but with the assistance of a professional realtor guiding and assisting you through this process the future rewards can be great.  Today's mortgage money is cheap compared to several years ago and what we expect to happen to future housing cost.  Your major concern in today's market should be to look into the future to achieve greater appreciation and lower house payments versus waiting and allowing home prices and interest rates to rise.  Making a move at this time may be a good decision for you in the future.   Locking in your largest living expense with a fixed rate, 30-year loan at today's prices means saving money when housing cost increase in the future.  If you are renting you should be thinking about purchasing a home and gaining additional equity.  Paying rent is the same thing as buying property for your landlord.  Another way to think of it, your landlord reaps all the benefits of ownership such as, home appreciation, stable mortgage payments and tax advantages.  History has shown home prices have increase faster than inflation.  Traditionally, homeownership has been a major driver in our economy by people investing in a home which causes people to purchase new furniture, appliances, and lawn equipment, etc.   As this happens, the economy is stimulated by companies hiring more people and these people get better jobs with higher wages.  Finally, this leads to stronger economy and a better standard of living.