Which of the following are GOOD reasons to buy a home now?
- Tax Advantages
- More Inventory
- Lower Prices
- Lower Appreciation
- Low Rates (Historically Speaking)
- Lower payments now, even if prices drop (assuming interest rates continue to rise)
- Sellers/Builders offering more incentives/more willing to negotiate
- More loan programs (Did I just say that?) - Will more and more products be taken from the marketplace over the next few years?
- Rising Rents
- You plan on settling down for many years
- Get the 30 year (or 15 year) clock running...
- More foreclosures = More opportunity for a bargain (Is this true?)
- Waiting until you "know" the market has improved means you have waited too long
- Are there others?
OK, now to be fair, I would also like you to post reasons why buying a home now would be a BAD idea. I know, most of you are in the business of selling real estate, BUT, you are among the best of the best, so I'm sure you can provide some counterpoints to the arguments for...
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rates are still historically low
and
FHA is great with increased loan limits
I too believe the time to buy is right especially here in the state of Delaware. Many are moving from New Jersey complaining that they have "High Taxes to Pay" which I agree that taxes are an increasing problem for those of you in New Jersey. I find that many of my home buyers do not like the high cost of living in there area which is partly the reason why I get a lot of people moving to Delaware. I enjoy helping customers disect their problems and find a solution. Thanks for your time.
Tom Davis - Dover, Newark , Delaware Realtor
Yet another reason to consider...Market Volitility and the effects (read rising) on Current Interest Rates to the consumer! RATES ARE STILL LOW, that is true...but another truth is that they will not be forever!
'Just my opinion...I could be wrong!
Life's A Grin!