This blog from Richard Weisser, a colleague in Newnan, GA, really cuts right to the heart of what I call the "Buyer's Dilemma".
So many buyers get stuck on the "investment" aspect of real estate and then continue to throw money away on renting a property while waiting for the "perfect time to buy". Let your life determine where you live, not the market.
Short term in the area? - absolutely, renting is your best bet. Going to stay put? - then buying a property that you can have paid off in as little as 15 years makes a lot of sense.
You can't control the real estate market, but you can control how you react to it!
There are a lot of decisions to be made when it comes to purchasing a home. And the current real estate market is volatile and rife with uncertainty.
But regardless of the condition of the market in ANY given area, there are some undeniable facts about purchasing a home that cannot be overlooked:
You have to live somewhere anyway. Buying a house to live in is NOT an investment. Purchasing a home is taking control of your own housing destiny.
Interest rates are at historic low levels, which make the purchase of any property more affordable and competitive with renting.
If you stay long enough, your house will be PAID OFF! And with 15 year rates this low, the possibility of paying off a mortgage becomes more of a probability. And once a house is paid for, your housing expenses become minimal!
So stop standing on the sidelines and waiting! Look at the facts and then GET MOVING!
All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real Estate Better Homes and Gardens Metro Brokers, Newnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2009. Richard Weisser REOS, E-Pro. licensed Auctioneer. 770-827-6225.
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