Now go out there and find your self a house.
I am located in Sun City and if you would like to review homes that would meet your needs and in your price range, please feel free to contact me. You have until April 30th to take advantage of the first time home buyer tax credit!
Michelle Niemczyk, Realtor
But as others have said, it's important to view your financial situation and be certain that you will be able to afford your property.
There are opportunities out there that are so good that buyers are actually saving money by buying as opposed to renting. Remember that renting brings with is a whole new set of responsibilities in the form of supporting and maintaining it.
Remember, it's never too late but be ertain it's right for you!
The Eckler Team
Dan makes a good point, though. Make sure that you can afford it now and into the future. And certainly do a rent-versus-buy analysis to determine whether financially it's the best decision. Then make sure you get a good value.
But if everything else checks out, then go for it.
Hope that helps.
Best of luck....and think young.
Exit Realty Premier
Palm Beach County
The biggest thing to worry about is your income. Make sure that you can comfortably pay for any mortgage (with taxes and that horribly expensive wind insurance) and still be well off financially. You may have some repairs come up soon, you will have some repairs come up later. Make sure you can afford to pay when they do happen.
Florida has 48% or mortgages underwater now. That means almost half of those who have a mortgage owe more than the house is worth. That is a prescription for more foreclosures to come (through 2012) brining lower prices. Depending on your price point buying now and getting the free $8k (up to 10% of purchase price of the house) and low interest around 5% (at 6% or 7% you lose 11.9% and 23.9% of buying power) buying now may be your best bet. Waiting may be. If you decide to buy now know that the house must be under contract by april 30.
Maybe the best question for you to ask is does renting make more financial sense than buying does.
That does not say which way to go. It only shows you how to honestly look at the numbers and decide.
One thing I would look for would be single story living. Wide doors would be a big help if in a few years you need to get around with a walker.
I have several blogs below that relate to buying a house. They cover everything from saving up for a down payment, to the steps involved in buying a house, to things to watch out for when buying a house. 12 blogs all told and all but 2 are worth reading for someone trying to (or wanting to) buy a house.
It might just be the perfect time to buy. Depending on what you are looking for, you might find that a mortgage payment might cost less than rent for a similar size home.
Realty Hub, Inc.
It is never too late to buy a home, it is never too late for anything. Plus 46 is the new 66, is it not? Lol :)
Anyhow, if you have a good downpayment and you qualifyand a bank is willing to give you a mortgage then I don't see why not. Good Luck, I hope you go for it.