How long are you going to wait before you decide to buy a house?

Reblogger Ellie McIntire
Real Estate Agent with Ellicott City Clarksville Howard County Maryland Real Estate 535650

Buying a home in Maryland is a huge decision and being ready is more important than trying to play the market. Some buyers are still nervous and don't want to be statistics, but a mortgage is cheaper than renting in the current market.

Original content by Richard Weisser

How long are you going to wait before you decide to buy a house?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!

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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.
Learn more about Coweta County and Fayette County Georgia Real Estate, and to search the entire Georgia MLS for free with no registration required visit CowetaFayetteRealEstate.com! Photos of the Great Smoky Mountains National Park. North Georgia Photos.

 

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Rainmaker
2,487,066
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

This math makes sense and should encourage everyone reading it to start focusing on buying a home. The part about owning it one day makes perfect sense for a long term realistic goal...too

Aug 28, 2011 03:22 AM #1
Rainmaker
1,158,838
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

Yes. You need a place anyway.  I would say 5 years at a place will be good enough to make it resalable for break even or profit.  Rates are so low that its hard to pass up the chance to live in your own place.

Aug 28, 2011 03:23 AM #2
Rainer
93,232
Michael L. Brownstead
Keller Williams Realty - Allen, TX
ABR, GRI, MRP, SRS, 1SG US Army (Ret.)

Great points Ellie, I don't think interest rates are going to stay this low for much longer, the Feds need to generate cash somehow.

Aug 29, 2011 12:24 AM #3
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