To Buy or Not to Buy?

If you have been contemplating a purchase, but are paralyzed by the media reports that we haven't hit rock-bottom yet, analysts are finally starting to come around!

Every Realtor will tell you that waiting until the absolute bottom can really work against you.  Do you really want to get in a bidding war? How much will that extra $10,000 REALLY cost you monthly if you buy the house now? How much more will you pay in taxes by not buying right now? What about writing off the points you might pay on a mortgage? Not to mention the big one--getting on with your life in a new home!

This article, posted on MSN today, presents many of these points and is a well thought out, clearly written article:

http://realestate.msn.com/Buying/Article2.aspx?cp-documentid=6112643

Another point to make is that every market operates independently from every other market.  Paying  attention to the job growth and employment rates in your area may be a good way to get an understanding of what housing demands will be going forward.

 

 

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 Momentum Realty

A GREAT Real Estate  experience.

If I can help you, your friends or family buy or sell their next home in Northern Virginia, please let me know!

If you need help with a home outside of Northern Virginia, I have an extensive network of referral agents and will make sure you are working with the best!

The contents of this blog may not be copied or reproduced without the permission of Holly Weatherwax.

 

 

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Comment balloon 1 commentHolly Weatherwax • February 12 2008 03:34PM

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Good Blog Holly!
Posted by scott montgomery almost 11 years ago

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