Zillow Advice: Rentals - Buy or continue renting? http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ Zillow Advice | Zillow Real Estate Now is a great time to buy ... http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ <p>Now is a great time to buy if you can do it. The 1st step in determining if you are ready to buy a home is to speak with a lender in your area who can let you know what options may be available to you and get you pre-approved so you have an idea of what price range you should be looking in. It would also be a good idea to find a buyer's agent who can walk you step by step through the process and guide you along the way.</p><p>Best wishes &amp; Happy buying!!</p> Fri, 24 Sep 2010 16:56:00 GMT http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ 2010-09-24T16:56:00Z Contact a Mortgage lender ... http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ Contact a Mortgage lender and get pre-qualified. I would try to buy now. there are a lot of good programs available. Interest rates are record low, and you can get a good deal and own a home. FHA loans are very attractive and you don't need to save for the 20% down payment. Find a buyer's agent that can help you with some of your closing costs. Good luck! Thu, 23 Sep 2010 23:39:00 GMT http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ 2010-09-23T23:39:00Z Talk with a reputable lender.&nbsp; ... http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ Talk with a reputable lender.&nbsp; Though there are very few $0 down programs available today, often they can research and suggest a down payment option you hadn't considered yet. I have to agree with your second statement, waiting will only increase the odds of increased interest rates.<br/>Good luck, and happy hunting! Thu, 23 Sep 2010 21:53:00 GMT http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ 2010-09-23T21:53:00Z Venture out and put your ... http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ Venture out and put your toe in the water so to speak. Grab an agent who is willing to let you kick the tires and go kick. Only you can answer this question because it is as much emotion as it is dollars and cents. Good luck and I am glad to hear of a buyer who is thinking it through. -Jim Thu, 23 Sep 2010 16:31:00 GMT http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ 2010-09-23T16:31:00Z Bond Programs coupled with ... http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ Bond Programs coupled with Energy Tax Credits could put you in a home with little cash down. Owning a home could be the foundation for&nbsp;your financial success.<br/>Good luck,<br/>Steve Wed, 22 Sep 2010 15:59:00 GMT http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ 2010-09-22T15:59:00Z There are still&nbsp;$0 down ... http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ There are still&nbsp;$0 down options out there.&nbsp; Talk with a reputable lender.&nbsp; Often they can 'find' a down payment option you hadn't considered yet.<br/><br/>Good luck! Wed, 22 Sep 2010 15:39:00 GMT http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ 2010-09-22T15:39:00Z What did you Think Agents ... http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ What did you Think Agents in a National Housing Market with Few Buyers were going to advise?<br/><br/>Become informed about your Market of Choice...Are Prices declining, whats the employment situation look like, are local Services (Police, road maint., fire depts, schools ect.) being affected<br/><br/>$90,000 may sound great but if the same Condo is $70-$80,000 in 6 months or a year, rates stay low? You buy now and in 5 years it's back up to $90,000 in value but rates are 6%...<br/><br/>Don't be a Speculator gambling on a bunch of "ifs".. be a smart Buyer...Learn about your Market whats going on with Rates and other factors affecting your Market and be informed....Huge Financial Decision deserves a Huge effort to make informed and wise Decisions<br/><br/>Plenty of "Landloards" selling at a a loss right now across this nation to dump upside down debt on a Large Financial obligation because they followed bad advice from salespersons with little real Market expertise, according to them it's been a good time to buy, rates are low ect. since 2006...<br/>You do not Buy they do not make Money....The Advice may sometimes be a Tad&nbsp; Biased Wed, 22 Sep 2010 15:32:00 GMT http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ 2010-09-22T15:32:00Z The time to buy is now. &nbsp;Just ... http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ The time to buy is now. &nbsp;Just make sure you get a good deal, a good mortgage broker and a good agent. &nbsp; Wed, 22 Sep 2010 13:39:00 GMT http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ 2010-09-22T13:39:00Z I think you should purchase ... http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ I think you should purchase if you could afford it. &nbsp;There are condos going for $90,000 right now and you could do FHA loan on it with 3.5% down payment and your payment will be less than $900/month and you will have equity and tax benefits. &nbsp;you have to start somewhere and if you wait couple of years maybe the properties will be more expensive and you might be priced out. &nbsp;The best thing to do is talk to a lender and see what you could qualify for and then start looking for your new home. &nbsp;There are great deals out there now. &nbsp;Let me know if I could be any help to you.<br/><br/> Wed, 22 Sep 2010 13:36:00 GMT http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ 2010-09-22T13:36:00Z Liebe73,Good Evening.Most ... http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ Liebe73,<br/><br/>Good Evening.<br/><br/>Most everyone will have an opinion on your question. Many time it's a mind set. Rates are low and that's a good thing. In many areas there are super deals on homes, however, you need to have enough for a down payment, closing costs should be covered, but to feel safe, you may want to have "x" amount saved for anything that life will throw at you. I started with a 4 plex in NY and never looked back, however, it's my profession, not a once n a while kind of thing. <br/><br/>Run the numbers gather the facts and make sure that you can cover the total amount, including a "kitty" for the what-ifs.<br/><br/>I hope that helps.<br/><br/>Have a BEAUTIFUL night.<br/><br/>-Shawn Wed, 22 Sep 2010 06:01:00 GMT http://www.zillow.com/advice-thread/Buy-or-continue-renting/366717/ 2010-09-22T06:01:00Z