There are some great reasons to buy a home RIGHT now
I recently read an article on MSN Money about the top 10 reasons to buy right now. As a Realtor, I am always concerned about coming off too pushy. Reading the article, I found that most of what was said is right on the money. I will be posting the series in the coming days.
The first reason:
You can get a good deal
You can get a house at a bargain price now -- especially if you play hardball. This is a buyer's market. Most of the other buyers have vanished since the tax credits on purchases expired.
We're four to five years into the biggest housing bust in modern U.S. history. And prices have come down a long way -- about 30% from their peak, according to the S&P/Case-Shiller Indices, which track Home prices in cities across the country. Yes, it's mixed. New York's prices are down only 20%. Arizona's have been halved.
Will prices fall further? Sure, they could. You probably won't catch the bottom, but it doesn't really matter so much in the long haul.