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is now a good time to buy ahouse in georgia?

  • February 17 2014 - Georgia
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Answers (2)

Absolutely!  I recommend getting fully prequalified which takes all of a few minutes on the phone and a 6th grade equivalent homework assignment which consists of gathering paystubs, W2's, and bank statements.
  • April 23 2014
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NOW! is the best time to buy or sell a home.

Buyers choose spring to become a home owners because the kids are out of school and the weather is warm to start looking.  Existing residence are out and about and it's a good time to determine if a community is family friendly or not.   New home construction is on the rise in the spring and given the number of houses that are on the market during this time of year, the chances of finding a home that meets your criteria are greater.  Another reason why spring is the best time for home buyers is because it is also the time of year when many new home buyers have received their  income tax returns.   They have probably spent the previous year taking care of any potential credit issues and  now they have their down payment or closing cost and are ready to buy.

But all in all, the best time of year to become a  home owner, is when it is simply cheaper to own than it is to rent.   Makes sense, but how do you figure that out?  Find two similar houses (or use your current rent rate) – one for sale and one for rent – and divide the asking price by the annual rent. The difference is called the rent ratio. A rent ratio of 20 or more usually means that it costs considerably more to own than to rent after you factor in the mortgage taxes insurance repairs and other expenses. It makes financial sense to buy when the rent ratio is a lot closer to 10 than to 20.

Click here to find out why NOW is the best time to sell your home.




  • April 23 2014
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