Is it a good time to buy?

Question

YES it is a great time to buy RIGHT NOW! Property prices are down from several years ago in most cases, interest rates are low low low, FHA has a great home loan program at 3 1/2% down and also the Home Care 97 Mortgage Program is awesome for first time home buyers - no pmi insurance and only 3% down and Conventional Mortgages at 5% to 20% down depending on the type of loan you get! Cash buyers can steal some great deals! It's time! Call me NOW! Sandy Maltese 469-964-2669

Answer 1

Absolutely!  With interest rates being at record lows and prices - nationally - being very affordable.  There is no time better to buy real estate.  To verify your local markets' condition contact your local Realtor.

Answer 2

That honestly depends on the situation of the buyer and the market they are in.  If a buyer is looking to turn around and sell within a few years for a profit, there are very few places or properties where they can do that these days.

In general, with property values lowered to more reasonable rates in many areas, and with interest rates near historic lows, it can be a great time to buy if someone is looking for a long-term option (5+ years minimum), or an investment property.

Any prospective buyer should discuss theri specific situation in detail with their agent, and potentially interview a few agents to get their opinions and perspectives before choosing one.

Answer 3

My answer to this question may be surprising to some of  you, but I have seen many changes in the market since becoming a real estate agent.  I've seen properties jump to unbelievable prices and watched them drop just as fast.  In my days as an agent, interest rates have changed from over 7% to under 4%.  I actually purchased my home back in the 80's when the interest rates were just below 12%.

This question, "Is it a good time to buy?" can only be answered by the buyer.  I love my home and when I purchased, not once did I ask myself, how much could I get for it down the road.  I truly believe the value of homeownership has changed for many of us.  The "American Dream" to own your own home is no longer that.  For quite a few years now, it's become a pyramid scheme to see just how much one can make with buying a property and reselling it.  I'm all for investing, but what happened to the joy and happiness of finding that house and making it "your home".

Answer 4

In South Florida its an amazing time to purchase because prices are great!!!

Interest rates are extremely low.

 

Contact me anytime via my email at mhellerrealtor@aol.com or visit my website at www.markhellerrealestate.com

Answer 5

High inventory extremely low prices and interest rates not seen since the 1950 I dont think there will be a better time to buy a home!

Answer 6

It is a great time to buy, not only are the interest rates and programs wonderfu,l but the opportunity to purchase a home at a incredible price and gain instant equity in a home is the best I've ever seen it

Answer 7

Here in Boise, Idaho, it appears that our prices bottomed out last year and we have a stable market. The inventory of homes on the market (including foreclosures) are very low, so prices have risen slightly in the last couple months. New construction has begun again. Interest rates are staying at record lows for the time being. Now is the time to still get a good deal when buying a home and finance it at a level we will soon never see again in our lifetime. Boise is rated as one of the best cities in the country and is growing strong. I look forward to working with you to find your perfect place, Please contact Doug Flanders at 208-869-0833 for excellent service in buying or selling your home.