The Case For Buying A House Now
by George Hale
4
plugs
plug it
As many of you know, the real-estate market is significantly off its peak highs of late 2005. With this, people are saying "why would I want to buy a house now?" Well, I think it it's the best time in the last 10 years to get the home of your dream! Let me explain:
First of all, interest rates are still at an all time low.Contrary to what the media reports, there are many banks making loans.
Inventories are high which means, as a buyer, you have more negotiating power. This ultimately leads to a better price, increased home upgrades, seller buy-downs on your loans, reduced payments, and more choices on house-type and location.
Of course, there are those naysayers who say, "I'm not buying until the bottom!" Well, when do you know when we've hit the 'bottom?' Most of the time the way you spot the 'bottom' is when you notice prices going up, which is bound to happen any day.
Woodhill Homes believes that purchasing a new home is unlike any other event in an individual's lifetime. It's truly a special & lifelong decision that you need to go into with a long-term approach.
It seems as though the home-buyer's mentality has shifted from a, "Is this an ideal place to raise a family & craft lifelong memories?" to "how much money will I make off selling this place in the short-term?"
If making money on your house is the primary focus, you need to buy an investment house, not a home and review the choice solely on its return capability, not on schools for the kids, closeness to family, etc.
Go out and look this weekend and see how attractive home-ownership looks. If you look with the correct motivations, I know you will be pleasantly surprised!
About the Author
George Hale formed Generation Development Inc. in 1998 to focus on niche in-fill residential projects in inner eastside Portland. After five years of in-fill development, George parlayed his success into the emerging Central Oregon market, forming Woodhill Homes.
4
plugs
plug it
As many of you know, the real-estate market is significantly off its peak highs of late 2005. With this, people are saying "why would I want to buy a house now?" Well, I think it it's the best time in the last 10 years to get the home of your dream! Let me explain:
First of all, interest rates are still at an all time low.Contrary to what the media reports, there are many banks making loans.
Inventories are high which means, as a buyer, you have more negotiating power. This ultimately leads to a better price, increased home upgrades, seller buy-downs on your loans, reduced payments, and more choices on house-type and location.
Of course, there are those naysayers who say, "I'm not buying until the bottom!" Well, when do you know when we've hit the 'bottom?' Most of the time the way you spot the 'bottom' is when you notice prices going up, which is bound to happen any day.
Woodhill Homes believes that purchasing a new home is unlike any other event in an individual's lifetime. It's truly a special & lifelong decision that you need to go into with a long-term approach.
It seems as though the home-buyer's mentality has shifted from a, "Is this an ideal place to raise a family & craft lifelong memories?" to "how much money will I make off selling this place in the short-term?"
If making money on your house is the primary focus, you need to buy an investment house, not a home and review the choice solely on its return capability, not on schools for the kids, closeness to family, etc.
Go out and look this weekend and see how attractive home-ownership looks. If you look with the correct motivations, I know you will be pleasantly surprised!
About the Author
George Hale formed Generation Development Inc. in 1998 to focus on niche in-fill residential projects in inner eastside Portland. After five years of in-fill development, George parlayed his success into the emerging Central Oregon market, forming Woodhill Homes.
Comments