James Testa

Most of my clients have come to me with the burning question: "When should I buy?" We all know this is the best buyer's market in 20 year, sellers have slashed their prices, and FHA loans have the highest conforming limits through the end of this year! So why not buy??

CONSUMER CONFIDENCE!

You have to ask yourself, especially as a first time home buyer, ARE YOU GOING TO PLAY IT SAFE OR ARE YOU GOING TO BE ONE OF THOSE PEOPLE WHO BUILDS WEALTH IN A DOWN ECONOMY?

It’s that simple.

I have listened to so many reasons for not taking advantage of this market and you may recognize some...

(1) I don't think the market has bottomed out yet.
(2) I am not ready to buy.
(3) I can't afford it.

The list goes on and on and it makes NO SENSE.

You will NEVER be able to pinpoint the market however you can make an informed decision. Look at the history of real estate prices. Pay attention to the stability of property values in the area of the city in which you would like to buy. Look at your neighbor who paid 10% more for his or her property!

Your financial advisor will tell you when you are ready to buy - at least financially. Don't confuse your emotional need to be a renter to your financial ability to purchase real estate.

You may not be able to afford to purchase real estate but you may also be surprised. We are past the stages of crazy lending products but savvy buyers are still securing loans.

The TAKEAWAY - Make this new marketplace work for you! Stop being afraid and get informed...and you will WIN!