Prices are down. . .Mortgage rates are low. . .Should I buy a house?

Home prices are at a 9 year low by some measurements and mortgage rates continue to hover in the 4% range on 30 year fixed money.  So. . . . now the question . . . . is that a good reason to buy a home?

I think you will be surprised with my answer . . . NO! 

Having great prices and loan rates should not be the reason to buy a home . . . but they are unbelievable benefits of buying now.   Considering market conditions in determining if it is the "right" time to purchase a home should be the last item on the list to analyze.  All of the important considerations are personal evaluations.



1. Job/Career plans - beyond stability of your job. . .what are the chances of transfers, promotions, do you want to work more or less, start your own business etc.
2. Family changes - will you get married, have children, empty nest, parent moving in etc.
3. Financial - income going up or down, cash reserves for emergency, college funds, overall cash flow etc.
4. Life dreams - Are you committed to living in the same area for awhile, expensive hobbies, travel etc.

So you see. . .wondering if it is the "right" time to buy a home is actually a big decision . . .and a personal decision . . . BUT . . .  if it is the "right" time to buy . . . . . .

What great timing because the benefits are HUGE.

David Arnold
REMAX Greater Atlanta
678-784-4354
http://www.homerunatlanta.com/