Monday, October 27, 2008
When is it time to buy?
Well, when YOU are ready. When you have been qualified by a lender, have saved your down payment (which can be as little as 3 1/2%), and have found the home. If you are ready to buy now well then you are just ahead of everyone else. With interest rates and home prices as low as they are now, you have positioned yourself for equity in the future. If you are trying to time the market, you will miss it and might find yourself with a higher interest rate or paying the same price and getting less. Then you might find yourself with your head in a pillow screaming WHY WHY WHY didn't I BUY BUY BUY!!