Five Smart Reasons To Buy A Home Now

Ok so you have been toying around with the idea of getting a home or not. Here are 5 smart reasons to buy a home now!
1. It is a buyer's market, more sellers than buyers so the world is yours.. within reason! ;-)
2.The value of the homes are finally aligning with market realities.
3. Great homes are coming on the market, from newly built homes to homes that are a few years old.
4. Interest on a home loan are lower than ever.
5. There are lots of programs to make homes affordable.

Just take the first step to owning a piece of the American dream!

Call me today, I love working with buyers. Free 1 hr consultation..
  • July 31 2010 - Houston
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    Answers (12)

    Profile picture for SoCal Engr
    And here I thought that this thread was purely for entertainment purposes. Check it out, and you can see many other threads, vintage 2006-2007, who said the same things, citing the same reasons, and were just as self-serving.
    • July 31 2010
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    Profile picture for the_country_hick
    8 valid reasons to wait to buy.

    1. Look at the graph of us housing prices 1890-2008. We are still in a bubble.
    http://blog.jparsons.net/2009/01/graph-us-housing-prices-1890-2008.html (smaller graph, really shows the bubble line.) 
    http://mysite.verizon.net/vzeqrguz/housingbubble/ (Big graph)

    2 Housing Predictor says: 10 Million Foreclosures Through 2012 (some only say 7 million) (enough said)

    3. Mortgage delinquencies hit record high (UH_OH)

    4. The worst is yet to come: Unemployed Americans should hunker down for more job losses (less buyers) Until people start to get more jobs and feel safe in their job house buyers will not be plentiful.

    5. US Housing Crash Continues It's Still A Terrible Time To Buy Falling House Prices Are The Solution, Not The Problem (enough said)
    http://patrick.net/housing/crash.html

    6. 59% of all home sales in 2009 were to buyers with FHA, VA, USDA and other government guaranteed/insured/subsidized loans. That means people can not really afford to buy, oh, almost 60% of the houses being sold. Now that fannie and freddie are having financial problems. Will they be able to lend tomorrow? Will the GSE's start to demand higher fico scores and higher down payments? If they do a lot fewer people will be able to buy a house. Less lending by them means lower prices for the real qualified buyers tomorrow.

    7. You may want to move at sometime in the next 7 years and be able to do so without losing money on your purchase or worse yet not be able to move because the house owns you instead of the other way around.

    8. If you buy today getting a 30 year mortgage after paying for your mortgage every month for 7 years you will only have $12,000 equity on a $100,000 loan. After 5 years you will only have paid off $8,000. Take away realtors fees of 6% or $6,000. Take away the closing costs you paid to buy the house. It is not much reward for such a big risk and expense is it?

    I would have included more links showing the source of the information but zillow removes links when to many are given it seems.
    • July 31 2010
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    [personal insult deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
    • July 31 2010
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    You have many people that can afford who could not that is powerful.
    • July 31 2010
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    Profile picture for Blue Nile
    Boy, does this seem like an old broken record being pulled out of the trash can!

    Seems just like:

    Five Reasons to Buy Now!

    and

    "Five Reasons Not to Buy a Home This Year"

    and

    Is now a good time to buy?

    and

    5 reason why now is the time to Buy in Summit County Colorado

    and

    WHY ARE YOU NOT BUYING???????


    The only people that are being marketed to by such propaganda are the NARcissists. And we all know what NAR stands for:



    Not Able to Reason

    and


    Not Able to Read!


    As for "real potential buyers", real buyers immediately cross off from their lists any agent that spreads NAR propaganda.

    As for Michael's 44 EXTREMELY VALUABLE CONTRIBUTIONS that nobody bothers to read, his helpful vote count is 1, thus a helpful ratio of 2.27%  And no best answers...

    No, most of us here are not marketing anything, and we are not about to buy your propaganda... we are here for about 12 other purposes as was posted on the thread on that topic if you bothered to read.
    • July 31 2010
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    Profile picture for klarek the realist
    If those platitudes are supposed to be smart reasons to buy, I'd love to hear what you think the not-so-smart reasons are.

    Flashback to 2007: all of your above "reasons" held true, at least as far as NAR propaganda went, and those that bought got burned.  BADLY.
    • July 31 2010
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    Profile picture for Blue Nile
    "Free 1 hr consultation.." -

    And most of those "selling agents" (Buyer's representatives) continue to claim that there is "no cost to the buyer", so why just 1 hr?  When you say you "love working with buyers", doesn't that mean that you will put up with the borrower constantly arguing with you for 635 hours while you show them 25 houses that they are absolutely not interested in, all for "free"?

    Or are you stating that if the buyer doesn't sign an "exclusive buyers agent agreement" within that hour, that you don't love working with real buyers after all?  But you just want 7256 marketing phone calls per day?
    • July 31 2010
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    Excellent list, thank you for sharing.
    • July 31 2010
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    Profile picture for SoCal Engr
    "I think you post is great and the nuckel head that has no life is here.
    Everytime you get their attention means you must have done something worth while.

    2000+ posts and still no valuable contributions."

    I'm kind of dense at times, but it seems you pointed your wit in my direction.

       -  I'm glad you like the OP's post. It would be much better if you could provide a convincing argument as to why it's valid.
       -  Next time you call someone a "nuckel head" try "knucklehead" instead. It carries more weight.
       -  It does not logically follow that "you must have done something worth while" if "you get their attention". Sometimes, it just means you made a foul stench in an very audible manner.
       -  Future reference, "worthwhile" -v- "worth while".
       -  I normally refrain from blowng my own horn, but check my profile. Some folks would disagree with you about the value of my contributions.

    By the way, did you bother to read the content of the referenced threads? Back in 2006-2008, the exact same arguments were being made for why folks should buy homes. Then, there was that little "bubble thing". Just for redundancy, I reiterate, "the exact same arguments".
    • July 31 2010
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    Profile picture for sunnyview
    Rents in Houston do not seems to be in line with the listing prices especially when you consider the high property taxes. I love Houston and would like to get a positive cash flow rental in that area especially one inside the beltline close to the medical center and Rice. I have not been able to do that yet, but I keep looking.
    • August 01 2010
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    1. It is a buyer's market, more sellers than buyers so the world is yours.. within reason! ;-) - This does not take into account overall market reality that there is a very good chance that there will be even more Sellers (foreclosures, short sale etc) because of a potential slip back into recession.  So while the statement is true, the reality is that there is a very good chance (especially in larger metro areas) that an even better "Buyer's Market" lies ahead.  At the least there is no indication that Supply is going to be more in line with demand anytime soon.
    2.The value of the homes are finally aligning with market realities. - see item 1.  If market reality continues to trend down...
    3. Great homes are coming on the market, from newly built homes to homes that are a few years old. - This is not a reason to buy now.  In theory aren't "great" homes always coming on the market.  If this were a justification for buying a home now, then in theory you are saying it is always a good time to buy.  Which is not true.
    4. Interest on a home loan are lower than ever. - while some of my fellow regulars may disagree.  I believe this is a good reason to CONSIDER buying.  The reason is now lending standards are very tough so while in general low rates should put upward pressure on pricing or at least support a higher price point.  The inability for most buyers to qualify for these rates makes it interesting for those that do.
    5. There are lots of programs to make homes affordable. - define affordable.  If the market continues its downward trend, what is affordable today may not be tomorrow.
    • August 01 2010
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    Thanks everyone
    • August 02 2010
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