Home Purchase: Deal or No Deal? Deal

[Sandiagon]

http://finance.yahoo.com/family-home/article/106651/Wait-for-Bargains-on-These-5-Items
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3.Home Purchase: Deal or No Deal?

Deal. If you are contemplating buying a home, now may be the perfect time to make a purchase — if you have the money and a secure job.

Real estate sales have sagged in many parts of the country as buyers have been frozen in the headlights of the economic downturn. As a result, prices are falling in many markets.

“If I could buy real estate right now, I would,” says Amy Bonis, a certified mortgage planner with Alera Financial in Raleigh, N.C. “It’s clearly a buyer’s market. If you can buy a house that is undervalued, it’s like, what shade of green do you want?”

In addition, mortgage rates have fallen near historic lows, substantially reducing the cost of financing for buyers with good credit.

Bonis says buyers who act now rather than wait are likely to see the best return.

“Somebody has to start buying, and when they do, there are going to be more buyers on the market, which is going to cause home prices to go up,” she says. “When you stimulate home prices to go up, that affects the economy in a positive way, which raises interest rates. What people don’t realize is, by the time they hear that things are better, (their opportunity) is already gone.”
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[patb]

Rates now are at all time lows, true.

But if Rates increase, your selling price will
drop.

So who thinks we will have 8 percent 30 year
mortgages in 2 years? Sure it makes your
payment great, but, it screws you if you
want to sell.

There are deals now, but, better to wait until
the crisis ends and bottom fish

[patb]

Rates now are at all time lows, true.

But if Rates increase, your selling price will
drop.

So who thinks we will have 8 percent 30 year
mortgages in 2 years? Sure it makes your
payment great, but, it screws you if you
want to sell.

There are deals now, but, better to wait until
the crisis ends and bottom fish

[patb]

Rates now are at all time lows, true.

But if Rates increase, your selling price will
drop.

So who thinks we will have 8 percent 30 year
mortgages in 2 years? Sure it makes your
payment great, but, it screws you if you
want to sell.

There are deals now, but, better to wait until
the crisis ends and bottom fish

[patb]

Rates now are at all time lows, true.

But if Rates increase, your selling price will
drop.

So who thinks we will have 8 percent 30 year
mortgages in 2 years? Sure it makes your
payment great, but, it screws you if you
want to sell.

There are deals now, but, better to wait until
the crisis ends and bottom fish

[patb]

Rates now are at all time lows, true.

But if Rates increase, your selling price will
drop.

So who thinks we will have 8 percent 30 year
mortgages in 2 years? Sure it makes your
payment great, but, it screws you if you
want to sell.

There are deals now, but, better to wait until
the crisis ends and bottom fish

[Nor-LA-SD-guy]

[quote=patb]Rates now are at all time lows, true.

But if Rates increase, your selling price will
drop.

So who thinks we will have 8 percent 30 year
mortgages in 2 years? Sure it makes your
payment great, but, it screws you if you
want to sell.

There are deals now, but, better to wait until
the crisis ends and bottom fish[/quote]

Good Advice Patb,

So do let us know when we get to the bottom will you,
Thanks.

[Nor-LA-SD-guy]

[quote=patb]Rates now are at all time lows, true.

But if Rates increase, your selling price will
drop.

So who thinks we will have 8 percent 30 year
mortgages in 2 years? Sure it makes your
payment great, but, it screws you if you
want to sell.

There are deals now, but, better to wait until
the crisis ends and bottom fish[/quote]

Good Advice Patb,

So do let us know when we get to the bottom will you,
Thanks.

[Nor-LA-SD-guy]

[quote=patb]Rates now are at all time lows, true.

But if Rates increase, your selling price will
drop.

So who thinks we will have 8 percent 30 year
mortgages in 2 years? Sure it makes your
payment great, but, it screws you if you
want to sell.

There are deals now, but, better to wait until
the crisis ends and bottom fish[/quote]

Good Advice Patb,

So do let us know when we get to the bottom will you,
Thanks.

[Nor-LA-SD-guy]

[quote=patb]Rates now are at all time lows, true.

But if Rates increase, your selling price will
drop.

So who thinks we will have 8 percent 30 year
mortgages in 2 years? Sure it makes your
payment great, but, it screws you if you
want to sell.

There are deals now, but, better to wait until
the crisis ends and bottom fish[/quote]

Good Advice Patb,

So do let us know when we get to the bottom will you,
Thanks.

[Nor-LA-SD-guy]

[quote=patb]Rates now are at all time lows, true.

But if Rates increase, your selling price will
drop.

So who thinks we will have 8 percent 30 year
mortgages in 2 years? Sure it makes your
payment great, but, it screws you if you
want to sell.

There are deals now, but, better to wait until
the crisis ends and bottom fish[/quote]

Good Advice Patb,

So do let us know when we get to the bottom will you,
Thanks.

[Fearful]

[quote=Nor-LA-SD-guy]

Good Advice Patb,

So do let us know when we get to the bottom will you,
Thanks.
[/quote]
If you cannot figure it out for yourself, no one can help you.

[Fearful]

[quote=Nor-LA-SD-guy]

Good Advice Patb,

So do let us know when we get to the bottom will you,
Thanks.
[/quote]
If you cannot figure it out for yourself, no one can help you.

[Fearful]

[quote=Nor-LA-SD-guy]

Good Advice Patb,

So do let us know when we get to the bottom will you,
Thanks.
[/quote]
If you cannot figure it out for yourself, no one can help you.

[Fearful]

[quote=Nor-LA-SD-guy]

Good Advice Patb,

So do let us know when we get to the bottom will you,
Thanks.
[/quote]
If you cannot figure it out for yourself, no one can help you.

[Author]

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