When is the best time to buy a home?

Posted under How to buy a house

Friends and Family, the short answer to that question is, today.

Yes, today; because believe it or not the market is in full swing for buying today. The market has finally reached a plateau for sellers with idealistic perceptions of what their home value is really worth. Compounded with another truth that real estate sales agents and appraisers have added to the inflation of value when in actual fact, the house may not be worth more than the sum of its parts.

Gone are the days of inflated values, the 2000 boom and negative option arm loans. Welcome to 2007 the year of foreclosures and people desperate for answers to why they are in this situation.

So, how do we define what is value for money and why are so many people loosing their homes.

Take a look at the headings on the past flyers that I have sent to you. The underlying message of each of these articles refers to credit issues, high interest rates and real estate value. Needless to say, these articles have been written time and time again with varying points of view. However one main point stands out and that is – you must be prepared to buy or sell a home.

Obvious is the answer but how many of us have fallen into the hype of what the media or some smooth talking sales person, related or otherwise who has encouraged us to react on the next great deal rather than prepare for your first or next big financial decision.

About now, you may be wondering if my answer to your question is still, ‘today’.

Most definitely, ‘today’ is the best time to start preparing to buy your home and I can help you get to that stage. Hiring a good Realtor and/or Loan Officer who you can trust to discuss your financials with is a serious business. However, it is one of the key factors involved when you decide it is time to buy or sell your house.

In this time of depreciating values, sellers are concerned with not wanting to pay any fees to Realtors. Buyers on the other hand are trying to find a good deal i.e. will the seller pay for all my closing costs and will my loan officer or the bank give me a loan with no closing costs.

The bottom line is if you want a good deal you need to take responsibility for your decision to buy or sell your home. Having someone like me on your side to help you prepare mentally and financially for this big decision is worth more than what you pay me in commissions.

My slogan is “My friends are my Estate. Each and every one of you is important to me. You help make my career as a full time Realtor and Loan Officer most rewarding. As a Realtor I work regularly with people who have different needs. With the personal service that I offer, I have become a part of your life, your families, finances, feelings and even your opinions. My ultimate reward is your referrals. Your referrals reflect my integrity and thoroughness in business. I truly value your comments and your compliments on my excellent service to you at all times. I am proud to be your Agent today and I continue to work hard to keep your confidence in me as your Realtor and Loan Officer for a lifetime.

Written by Holly Leano - REALTOR and Sr Mortgage Consultant

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