IT'S A BUYERS MARKET - WHAT ARE YOU WAITING FOR?

What are you waiting for? I know, prices are going down so you are going to hit the very bottom of the market and then ride the wave up. Sounds like a plan, but how do you know when we hit bottom? Consider this . . . World renowned econonomists can’t agree and often do not get it right. Savvy Wall Streettypes missed it. Bankers, Lawyers, Educators, Statisticians and more missed it.
Not to say that you will not hit the sweet spot, but think about why you want to own a home and suddenly there is more at stake. There are plenty of reasons to buy now. First, you need a place to live. Second, your government is going to pay you $8000 via a Tax Credit to buy a place to live. Third, Interest Rates are at historical lows and we know they will go up to control inflation that is looming around the corner. Fourth, home affordability has increased hugely due to price drops. Simply, it is a BUYERS MARKET!
Run the numbers for yourself. If you bought now and prices dropped another 5%, but interest rates went up just 1%, it would cost you more on a monthly basis to own that home. Think about the monthly benefit the $8000 credit means to you over the next 12 months ($666 a month) or the fact that this can cover your down payment on your home.
The benefits are big, the time is now and a good Buyers Agent will help you maneuver this important purchase of a place to call home, by protecting your best interests. Linda Heinrichs is an Accredited Buyers Agent who works with First Time Buyers in the Portland Metro Market. Call now and position yourself for the future.
www.buyersagentinportlandoregon.com