Why Buy Now? The Real Estate Perfect Storm

On March 5, 2012, in Uncategorized, by David Monsour

1.) Interest rates are 4% or under for most loans.  This means money is cheap which means a lower payment or more house for the money.

2.) Home values are now at 2003 prices.  If you’re not familiar with real estate in 2005-06 we had the actual peak of prices.  Do you think will be get back to those values at some point?  I do.  For today’s buyer this means future equity.  Guaranteed – no, but probable – yes.

3.) Inventory is fantastic.  Years ago houses sold before you could even drive to the area to view the home.  Now you have a chance to be selective, negotiate, and do the inspections that you want.

It is the perfect storm for the real estate buyer.  Oh yeah that low interest rate is a nice hedge against future inflation.

 

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