Buyers stop standing on the side lines playing double dutch. If you do not know when to jump in, 
The Time to buy a home is now. You keep thinking next month, next week, or next year you can get the best home or best rate, and best deal. You don't realize the best time is now before you throw away more money renting.
Reasons to Jump in the market now:
1. Rates are great. I know every year you see ads that say rates are the lowest they have been in years. Well it is true. Rates are the lowest they have been in years.
2. Great deals are out there. There are many owners that will pay your closing cost, pay discount points, or even give you furniture. The deals are out there and you need a good agent to help you find them.
3. Loans, even with all the problems banks, brokers, and mortgage companies have had many are putting together great loan packages for buyers. But you have to jump in by calling a loan officer to get preapproved not just prequalified. Which will give you even greater purchasing power. And remember they are also competing for business so you may be able to negotiate fees and rates depending on the company you choose.
4. Inventory, You have choices in this market. You do not have to settle for anything. Resale homes by desperate sellers, relocating sellers are the best deals. Foreclosures, REO properties, and repos are out there but may take special financing. Short Sales can be great deals if you have the time to wait out the process. A good agent can show you your choices and help you make a good decision. Your loan type may dictate what properties you can view.
For information on Buying a home in Hampton Roads 7 cities call me The Hampton Roads Real Estate Lady! or if you need help finding a great competent agent in another city or state contact me.
Dee Dee Jones
Wainwright Real Estate
"I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals."
Visit my website today, The Hampton Roads Real Estate Lady! Deandrea "Dee Dee" Jones
Dee Dee! You forgot to mention the $8,000 tax credit! That is great incentive!
At some point years from now we will all be looking back at this time period as one of the best times in history to buy a home.
You are both correct!
Lets also look at an example if you are paying $1500, if you paid the same amount on a house payment, let's say $300 of that goes to reduce principle. Of that $1500 payment, that means $1,200 is going to interest. Well if you are making that same payment to a landlord, all $1,500 is going somewhere you are never going to see again. But at least with the house you get a percentage of that back as mortgage interest rate deduction on your income tax. So even though it is money that you are not seeing in the form of a a check right in front of you, it comes back to you later on when you file your taxes or much later when you sell the house and then you get other benefits as well.
We are seeing a surge of buyers out here in Colorado, our issue is that inventory is very low!
We are hoping the sellers join the party soon!
Rain on!