Fine Homes in Nine Oh Five
  Re/Max Realty Specialists Inc., Brokerage
Independently Owned and Operated
   
 
betty@bettybart.com
905 828-3434
 
 
 
 
Home Renovations
 
A Great Time to Buy a House?

 Not only could this be a good time to by a house, but it may be the best time in years. For some reason, home buyers seem most interested when prices are high. But just as we all like to see a “20% off” sale on our favorite consumer items or groceries, we should be more interested in buying a house when they are selling cheap. That’s right now.

Of course, if you already have a home you might hesitate to move up to a larger one now. Given the number of people in over their heads on their mortgages, it makes sense to be cautious. But if you are hesitating because you don’t want to sell your current home at these lower prices, think again.

Of course, if you already have a home you might hesitate to move up to a larger one now. Given the number of people in over their heads on their mortgages, it makes sense to be cautious. But if you are hesitating because you don’t want to sell your current home at these lower prices, think again.

Now, if you have the financial ability, you might want to purchase the new home without selling your existing house. You can rent out your current property and wait for until you can get more for it. But if you need to sell to buy, now is the time.

Not since the Great Depression has there been such a massive decline in the prices of properties. You can call it a crisis or a correction, but it is just as meaningful to call it a sale. There is no guarantee that we have reached the bottom on prices, but at the you know you are paying substantially less than you would have a couple years ago.

What if this is your first home purchase? Well, it still makes sense to purchase something when it’s on sale. Interest rates are still really low and it’s tougher to get financing now. You can feel better knowing that banks and other lenders are not allowing borrowers to get mortgages they can’t afford.

Homes on sale, interest rates low, and lenders no longer pushing mortgages that get you into trouble - this could be the best time to buy Real Estate.

 
 


  © BETTY BARTUSEVICIUS of Re/Max Realty Specialists Inc., Brokerage
Independently Owned and Operated
 
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The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license