Search Site
Menu
House Hunters Are Too Scared To Buy Despite Low Prices And Low Interest Rates

The fear of buying has infected the real estate market according to this article from CNN Money. Despite the fact that home prices are low and interest rates are low, many buyers are afraid to commit to a purchase for fear that prices will go even lower and they will end up overpaying for a home. They hear the news reports constantly remind us of the loss in value of real estate over the past few years. If you fit into the above category and are waiting for a better deal, just remember that as the interest rates go higher (and they have started to move up sharply this week), the home you may seek to purchase will need to be at a lower price in order to assure that you qualify. The best way to deal with the fear of buying is to have the knowledge of the consequences of not moving forward. Housing may never be as affordable as it is today. Take a close look at the monthly payment you can afford and reconsider purchasing something now. Watch the mortgage rates closely and if they continue to rise think seriously about purchasing a reasonably priced home now. Waiting will likely result in you paying more monthly even if prices come down a little further.

Read the entire article by clicking below.

https://money.cnn.com/2010/12/02/real_estate/home_buying_angst/index.htm?iid=HLM

Share this:

Like this:

LikeLoading…

Related

Leave a Reply

Your email address will not be published. Required fields are marked *

Client Reviews
  • "My name is Emilio. When I was buying my property, I hired Mr William J Reinhardt Jr as my Real Estate Attorney, it was one of the best decision I ever made because he did everything in his power to make sure my purchase was successful. For example, The utilities bills left over by the person who owned the property before me. I said thank you to Bill for not allow me to pay these costly bills." - 5.0 stars | Posted by Emilio Bien Aime | October 1, 2019

  • "Mr. William Reinhardt Jr. is my lawyer for many years. My family and I bought and sold properties with his help and were very satisfied. I recommend Mr. Reinhardt to anyone. I give him a 5-star review." - 5.0 stars | Posted by Diana | September 19, 2019

  • "My husband and I loved working with William. He was very professional, efficient and went above and beyond to help us. We would HIGHLY recommend." - 5.0 stars | Posted by Leeann | September 13, 2019

Contact us

Quick Contact Form