Top 3 Reasons That NOW Is The Time To Buy A Home

Consumers are aware of the opportunities in real estate, however, most are unable to buy because they can't qualify for a loan, yet they continue to look at homes, don't they?

These are the same three things that I tell my buyers as well. Good list!

Interest rates are definitely on the rise and prices are rising in most areas too.  Best to move now before they go up even further. 

Hi Bill we agree that real estate if bought right is always a good investment.

Low Rates? You nailed it, but you missed the most important part. The rates are on the rise, as an economics major I would not be surprised to see the rates between 6 and 8 percent within the next two years, so now it the time to buy.

And inventory is tight, that means sellers are not ready to commit at this time because not enough has sold to make prices go up much. Yes, buyers should take a look now.

Your right

The normal interest rates are around 6 to 6.5% so we are still very very low and all of these buyers need to know that in the low 4's% is still a deal

This is the bottom line for anyone not sure what to do: purchasing a home today is still a good deal.

The best time to buy a home:

• When you're wasting money on rent.
• When you plan on staying in the community.
• When you're willing to responsible for the upkeep of a home.
• When you have a good job and some down payment money in the bank.
• When you can find a house at a price and interest rate that makes the payments fit your budget. 

Sounds like you are taking the words right out of my mouth.  Great post and so true,

Buyers would do well to get off that fence while the interest rates are advatageous and the home prices are affordable.

Yup, hard to argue with those points..I am particularly surprised at new home starts...the stats are compelling

One of my buyers decided to drop his search yesterday because he believes the condo market is overheated after the media rolled out the doom and gloom headlines, and two units that he looked at sold within a week at near asking. An overheated market is when inventory sits and no one is buying. He believes waiting will get him a deal down the line. 

That are all good reasons to buy. I have buyers who were interested to buy last year when it was  really inexpensive to get their dream home but cancelled the contract when the home inspection brought up some minor issues and the seller was not willing to fix them. Now they are sorry and ask me when the market will become as it was a year ago. Sorry dear buyers that time is gone.

Bill,

When you look at the pro's and con's there's very little reason not to buy in todays market. Thanks fort the post!

Bill, We are seeing more and more buyers coming on the market, now all we need to see is more and more sellers willing to sell.

Business has picked up here in West Michigan. Hopefully it carries into the new year and beyond.