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.
Holly Weatherwax, Associate Broker
EcoBroker,Graduate of Realtors Institute,Accredited Buyers Representative,e-pro
If I can assist you with the purchase or sale of property in Northern Virginia, please visit my website: www.greatexperience.net , my blog Real Estate and Reston or email me at hollyweatherwax@mris.com. My direct number is 571-643-4902.
I believe buying or selling real estate should be a GREAT EXPERIENCE!
