• English
  • Español
AGENTS: Did you know you can share a personalized version of this post? Learn more!

(English) 4 Financial Reasons to Buy Now

Disculpa, pero esta entrada está disponible sólo en Inglés Estadounidense.


Miembros: ¡regístrese ahora y configure su Post Personalizado & empiece a compartirlo hoy!

¿No es un miembro aun? Haga un clic aquí para aprender más acerca de la nueva función de KCM, Post Personalizados.

Have You Set Up Personalized Posts Yet? | Keeping Current Matters
30 comentarios
  1. Lilly
    Lilly Dice:

    One day you say real estate us local, then the next it’s national, and you’re always looking for a twist for why people should rush out an buy a home. And today you point out thy rates may never be so low and mortgages may never be the same.

    What I see here is a tyipcal realtor mindset…it’s always the right time to buy. The problem however is that people aren’t buying into your logic. Rates were 20% lower for the longest time, yet homes weren’t selling as wildly as you would think.

    It’s not all about rates and requirements, or for that matter price. It’s all about our confidence in the market, and most people don’t like what they see. Until things start stabilizing, the rates could be at 2% and a larger number of homes still wouldn’t sell. There isn’t a buyer for every home that’s for sale.

    This NAR style sales pitch doesn’t resonate anymore. People see through it.

    Tell us when isn’t it a good time to buy a home, then we’ll see that you’re not just looking for a convenient sales pitch to push some self serving view.

    I for one am finding it harder each day to re-visit this site. Maybe this is food for your base readershipb but if it’s always a great time to own a home, then why are there so many unhappy homeowners out there.

    Responder
  2. Karen
    Karen Dice:

    I find the 4 reasons to buy to be very true. They are good reasons to consider buying. AND yes, I am a real estate agent in Richmond, VA. 1. The interest rates have gained about 1/2 % since some points earlier this year. They are expected to increase. For a 1% increase in interest rates, you get 10% less house! And housing prices are not still dropping…certainly not by that big of a percentage. When interest rates rise – only the BANK gets MORE!

    2. I have heard from others sources that they may eliminate the 30 yr mortgage…maybe maybe not.

    3. Lending rules and practices have been changing and getting tougher. It is just a matter of how much is the rate going to be for the restrictions in place. – costing you more.

    4. And yes ! Rents are going up…and getting past the mortgage payment.

    Confidence in the market!! Richmond is definitely coming up! I sold a house in the fan in 3 days with 2 contracts. Now those people are going up against another couple to get a house…again dual contracts! And we have seen alot more million dollar houses moving. The market is moving so you should too.

    Responder
  3. Steve Harney
    Steve Harney Dice:

    @Lilly,

    I understand your concern. However, I do believe NOW is the time to buy. My 27-year-old son just purchased his first home. I wouldn’t have helped him make that decision if I didn’t believe it was in his best interest.

    As far as the feelings of homeowners, the latest Fannie Mae survey (January 2011) showed 96% of homeowners still see owning a home as being a positive experience. Most homeowners are happy not unhappy.

    Responder
  4. John
    John Dice:

    According to Kiyosaki, an asset is anything that flows CASH IN our pockets and a liability is anything that flows CASH OUT of our pockets. A home is a liability, unless it bring in an income, Like rentals and something to keep your eyes one will the home owner tax brakes be around , I heard they are trying to get rid of them. Rich Dad Poor Dad great book…. :)

    Responder
  5. Ruthmarie
    Ruthmarie Dice:

    First – Kiyosaki is a fraud. Plain and simple. He never had a poor Dad or a Rich Dad. I read his books – long on platitudes short on substance.

    Having said that there is nothing more volatile than renting. If you can afford it – buying makes more sense. Why?

    Rent is just throwing money out the window. You bought a month of shelter and have nothing to show for it after that. Around here the average 1 BR rental is $1800 a month – that’s close to $26k a year. I bought my home for $250k 14 years ago and pay about that to live there. BUT – I have a bout $150k loan on it – and it is still worth about $450k – and every month I’m paring down that principal. The interest on the mortgage is deductible. So who is in better shape at the end of the day? The person who has been shoveling out the rent money for 14 years or me? I get rid of my house I walk away with $300k – a renter walks away with NOTHING.

    Housing markets are cyclic. But the best time to buy is when everyone else is scared. That’s when I bought my house. A house for $250k in my area was only possible during that trough in the mid-90s. I lost money on the home during the first two years…so what????? Look what I gained later.

    Responder
  6. Landlord India
    Landlord India Dice:

    Hi,

    Very nice blog.there are some reasons and Now Is the best time to buy a home.
    1-Home Buyer Tax Credits
    2-Mortgage Interest Rates Are At 40-Year Lows
    3-Home Prices Are At Generational Lows
    4-Highly motivated sellers
    5-Record low interest rates
    6-Payment Protection
    7-Sales Tax Deduction etc.
    many reasons behind that.but your blog given the good information.Provide the some information in site-http://www.landlordindia.com/

    Responder

Trackbacks y pingbacks

  1. […] with permission from: http://kcmblog.com/2011/04/12/4-financial-reasons-to-buy-now This entry was posted in Buyers, Finance, News, Sellers. Bookmark the permalink. The Cost of […]

  2. […] So what does this mean for real estate in Howard County? We saw a small average price increase in 2010 over 2009 and I am expecting a 3% to 5% increase this year. If you are a buyer, now is the time to jump in. Not only because we have hit bottom, but also because interest rates are on the rise and it may become more difficult and expensive to ge…. […]

  3. […] There are so many good reasons to buy a foreclosure in Cobb County that – why wait? Business Week has pointed out that housing prices in real inflation adjusted dollars has not changed over the past 100 plus years. House prices have kept pace with inflation, but no more. Does that mean that it is not a god investment? Of course not. Too many reasons to cover in this blog but I will get back to it. Read more. […]

  4. […] here to read the article in full from http://www.kcmblog.com. This entry was posted in Buying vs. Renting and […]

  5. […] four great financial reasons why you should not wait before taking the plunge into homeownership. Read more… Categories: […]

  6. […] Articles: 4 Financial Reasons to Buy Now Why the Wealthy are Buying NEWSFLASH: There is NO Inventory!!! Survey: A Home is Still the Best Long Term Investment […]

  7. […] about buying a home but not too sure? The KCM Group  gives us four great reasons as to why NOW is the time to buy! Take a […]

  8. […] 4 Financial Reasons to Buy Now. Explore posts in the same categories: […]

  9. […] four great financial reasons why you should not wait before taking the plunge into homeownership. full article Share […]

  10. […] a comment Thinking about buying a home but not too sure? The KCM Group  gives us four great reasons as to why NOW is the time to buy! Take a […]

  11. […] 4 Financial Reasons to Buy Now. LikeBe the first to like this […]

  12. […] you should not wait before taking the plunge into homeownership. Interest Rates Are Increasing via kcmblog.com This entry was posted in Uncategorized. Bookmark the permalink. ← 4 Financial […]

  13. […] From KCM blog This entry was posted in Uncategorized. Bookmark the permalink. ← Market update for April 11th LikeBe the first to like this post. […]

  14. […] If you’re waiting on the sidelines hoping for lower prices to come your way before buying a new home.   This post from the KCM Crew may be for you.   Art Livesey  […]

  15. […] 4 Financial Reasons to Buy Now Posted on April 12, 2011 by rockfordneighborhoods Great article!  Interest rates are increasing, the 30 year mortgage may disappear, QRM (qualified residential mortgage) requirements could be much more stringent, rents are expected to increase.  4 Financial Reasons to Buy Now. […]

Dejar un comentario

¿Quieres unirte a la conversación?
Siéntete libre de contribuir!

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *