If potential buyers are waiting for a better deal before deciding to purchase a home, they should take careful stock of current conditions. The facts are that mortgage interest rates are hovering near historic lows and home prices are generally lower than where they were almost a decade ago. In addition, home values have risen for more than five years, which translates into increasing equity for homeowners who purchased homes during that period. Rents are also higher than mortgage payments in many areas. On top of all that, unemployment is finally down to prerecession levels. With all this in mind, buyers have every reason to take advantage of market conditions and buy the homes of their dreams.
Should you be considering the purchase of real estate, this may be the perfect time for you to do so. Low interest rates, a wide variety of financing options and a large inventory of properties for sale make it an ideal time to buy. You will benefit from my real estate knowledge and expertise. Contact me today to arrange an initial meeting. My office is conveniently located at 1199 Amboy Ave., Edison. I look forward to meeting you.
HINT: If you are thinking about buying a home, crunch the numbers. Conservatively speaking, you should spend no more than 28% of your income on your mortgage payment, taxes, and hazard insurance.