1 Big Reason Plus 6 Other Reasons To Buy a Home NOW

Okay, let's face it ... with the treat of the shadow inventory of homes hitting the market and experts stating that we may have a few more years of value declines, why is NOW a good time to buy real estate?

The biggest reason to buy now is the uncertainty of interest rates. Right now they are low. Experts expect them to go up in a few years. If interest rates go up just 2%, that's the equivalent of a 20% change in purchasing power. In other words, if you can afford a $500,000 mortgage today at 4.5%, you will only be able to afford a $400,000 mortgage at 6.5%.

$500,000 Mortgage @ 4.5% = $2,533.

$400,000 Mortgage @ 6.5% = $2,528.

And if that's not enough, here are six other good reasons to buy now:

1. You can get a very, very good deal.

2. There is a good supply of inventory to choose from.

3. You will save on your income taxes.

4. It provides protection from inflation.

5. You will have forced monthly savings in the form of principal pay down.

6. After this crisis, real estate will appreciate again.

It's time to start shopping ...