Wow, what a great time to buy. Spring is in season and the government along with various sellers have made it so easy to buy it's insane. Ofcourse, you do need to have a little money down. What a shock? You are buying on average a $150,000 home and you need money down. FHA has made it very easy to buy with 3.5% down and the sellers are expecting you to ask for closing costs. The best time to invest is not always the easiest. Do you know that there will be a large transfer of wealth throught this recession? Why not position yourself to be that person. Why, because everybody is telling you how bad it is? What a crock. The best thing you can do right now is buy a home. Go against the grain. Think outside the box. That is what will put you in the best position financially. Yes, it may take a while and your home value may go down before it goes up. Unless, you are using your home as an ATM machine that has no inherent value. WAKE UP BUYERS, it is time to buy.
Well that is a good question. Let me address it as easily as I can. If you are looking to move up as a first time home buyer, or an investor, in my opinion, this is the best time to buy. With interest rates lower than they have ever been you will be able to buy more house than ever before. Another reason is that if you take a 150K house and figure that you will be losing 5% of what you would have got last year that equals $7,500.00. Now if you were to buy a bigger house at 300k at a discount of $15,000.00 you would saving over $7,500.00 to make your move now. Not to mention the fact your payment would be significantly lower due to interest rates. Just so you know I do not just preach this information. I am currently involved in buying 3 rental properties ,and have a partnership with a builder to build a couple of homes. If you have any questions please feel free to visit www.JasonSellsOklahoma.com.
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