The only thing you can do as a potential home buyer is trust yourself. Â Only you can determine the best time to buy a home according to your own financial and personal situation. As long as your head is not next on the chopping block at work, you have enough money to cover closing costs and down payment and your happy with the choice of home you picked out of the many homes that are on the market is when you should take the plunge to purchase a property.
Take it from someone that has been working in this real estate market for the past fifteen years, I've been through the ups and downs, the mid 90's were good, the late 90's were great, but the market we have today started roughly in 2005 when the banks were forced, by the government, to provide housing for low income buyers. The government told the banks and mortgage company's give loans to low income buyer's. Now, I'm sure the banks and mortgage company's either heard, "or else" or interpreted some other meaning to what was said, but nevertheless, the flood gates were opened, the water's were parted and the sky opened up to the real estate and mortgage market we see today.Â
The government already has Fannie Mae and Freddie Mac, putting those in the government Â in the mortgage business. I just can't wait to see the day that Obama is carting client's around in the White House limosine, attending Open House's and writing contract's posing as a Realtor. Well, wouldn't that be the next step? Well he was a community organizer. Yeah, community organizer, Senator, President of the United States then Realtor, makes sense, doesn't it? I wonder, was Obama ever an Amway salesman? Anyway, you get the idea.
If you need any further assistance in any real estate transaction or information I would be glad to help you, just give me a call. By the way, I hope you enjoyed the article, let us know if you have any input that could be helpful.
Robert J Gaffney - Sales Executive
Leisure Land & Properties Realty
Cell: 570-228-9126 (primary)