Should I buy a Home Now?

Published on February 20th, 2012 // Filed under: Buyer Tips

Buyers are sometimes reluctant to make a purchase in a market such as this one. I’ve been a REALTOR® in the Santa Clarita Valley and Valencia area, since 1993 and I’ve watched the market go from a low market, to a transitional market, to a high market, and now back down to a low/transitional market.

It’s an opportunity that won’t last forever, and with interest rates still at all time lows, it’s really quite an ideal time to buy a home.

The interest rates are expected to go up slightly by April, due to the extended Unemployment Benefits, in an effort to offset the cost of such.

The reality is, we’ll always have changes in the real estate market, and in interest rates, however, it doesn’t mean we’ll always have a great chance to both buy low, and get a great interest rate for our home mortgage!

I remember many a client (myself included), that regretted not making a purchase, or regretted passing up so many great opportunities.

The wish I “would of”, or boy I “should of”, or “if I only could of” syndrome I call it.  Don’t despair, that’s why they call it 20/20 vision….we all have it! ” Woulda, Coulda, Shoulda” is simply put, 20/20 vision!

Another thing to consider is, it’s also a great time to “buy up” in a down market.

Rarely, if ever, will you be able to buy low, and sell high…..however, you can sell now, and buy much more for your real estate dollar, then you could have in 2006 for example.

When asked if this is a “good deal”, I feel compelled to say “right now, everything is a good deal”!  Compare it to home prices several years ago, and you too will agree.

For a private consultation, to see if buying now is right for you, selling your existing home, or renting it out to take advantage of todays real estate values, please give me a call, and I’ll give you the best advise available, for free~

With your best interest at heart, I wish all an abundant life,

Dana

 

 

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