YES! There are many great homes to chose from now, and they are at reduced prices compared to the last few years. BONUS: The mortgage rates are still low.
If you are a first time home buyer, you definitely want to take advantage of the $8,000 tax credit.... and HURRY because you have to settle/close on your home before December 1, 2009. That means you need to have a ratified contract within the next few weeks (It is 9/9/09 as I write this).
We don't need no stinkin stimulus package, we just need good weather. Joan, I'm predicting Prices will decline until at least Feb. 11, 2009..
Now is a fantastic time to buy a home. Great interest rates, but you have to have good credit score. Once spring breaks and people who have been hibernating take to the outdoors, they will begin to see the bounty of bargains out there to take advantage of before the fall returns and school days and other commitments get in the way of a thorough search. Pam Mones, Long & Foster Real Estate, Inc., Maryland
Intrest rates as low as 5% on 30 year fixed, prices are down, sellers are anxious.........this is the time to buy if you are will be in the home or own the investment for 7-10 years! Find a good Realtor and let them help you find the best deal for you! Take advantage of the programs that are out there that offer 100% financing for the right areas and people who qualify! Contact me if you have anymore questions. Thank you!
Yes, I've seen this question many times before. The correct answer is
Wait another year, save another 20%.
What is going on with this web site,this is the second question I have seen that the person who is asking it knows the answer and in this case the same person asked and first answered the question!Maryland was behind the housing bubble and prices will fall by at least 10% in the next year if not more.All my closest 5 neighbors are underwater and there are tons of vacant homes in Harford County,So the real answer is a big NO!
It's a great time to buy. Prices are down and the cost of money is cheap. Make sure to hire a local agent who is respected and very knowledgeable in the area you are looking.
Get pre-approved for a loan and start looking at as many homes as you possible can. Be patient, but when you find the right home, you will know as soon as you walk in.
Good luck,
Dave Tapper
Bulingame Ca.
Joan,
Any time is the RIGHT time to invest in real estate as long as it's the right home, in the right location, being offered at the right price.
The challenge is convincing buyers to view their investment from a more traditional perspective.....long term. One of our problems today is buyers are looking at their homes as short term investments...This is an incorrect perspective but a common thread.
Of course NOW is a good time to buy a home. Buying a home is a stake in your own future and a possession you can enjoy. Why rent when you can put your hard earned money into your own future.
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