03
Jan
11

Top 10 Reasons Why It’s Still A Great Time to Buy

Here are 10 reasons why it’s a great time to buy:

1) You can get a good deal.  Prices are down 30% on average.  They’re at a level that makes sense for many people’s incomes.

2)  Mortgages are cheap.  Your costs to own are down by a fifth from two years ago.

3)  You can save on taxes.  When you add up your deductions for mortgage interest and others, the cost of owning can drop below those renting a compatible place.

4)  It’ll be yours.  

5)  You can get a better home.  In some markets, it’s simply the case that the nicest places are for-sale homes and condos

6)  It offers some inflation protection.  Historically, appreciation over time outpaces inflation.

7)  It’s risk capital.  If the economy picks up, you stand to benefit from that, even if your goal is just to have a place to live.

8)  It’s forced savings.  A part of your payment each month goes to equity.

9)  There’s a lot to choose from.  There are four million homes available today, about a year’s supply.  Now’s the time to find something you like and get it.

10)  Sooner or later the market will clear.  The U.S. is expected to grow by another 100 million people in 40 years.  They have to live somewhere.  Demand will eventually outpace supply.

Now get out there and buy, buy, buy!

Reference:  Old Republic Real Estate Digest

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Jennifer Ferri, Owner

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