Sitting the fence or MISSING the boat?

"Skip, I know home prices and interest rates are at all-time lows, and we've looked at a lot of homes and this last one was the best one yet!  But I'm thinking we should take a couple of days to think about it before we make an offer. What do you think?"

Ok, I'm with you--don't jump into something to quickly and allow a snap decision to get you into trouble.  Let's take a step back and look at this with the big picture in mind. If you are looking at homes and have taken the time to get a pre-approval lettter from your lender, you've already given a lot of thought to this idea of buying a home, right?  Most likely you have spent nights thinking about this and have decided, "This is it, we are going to do it!"  So tell me what is going to happen if tomorrow morning you lose this home to someone who was ready to make the decision--you know, "pull the trigger"? 

"But Skip, buddy, this home has been on the market for three months and no one has snapped it up yet. I think I have a couple of days, really, what is the rush?"

Well, I realize it has been on the market for a while, but in that time there have been other people looking. If they are like you, they wanted some time to think about it, and they may be ready to put their offer in.  Plus as you stated, you have seen the other homes in the area that compare to this one, and it is the one that is the best value in a grerat location.  If you have come to that conclusion, so have three other couples! 

My best advice? If you have thought this through and you are ready to buy a home, you have done your homework, you know a good deal when you see one. . . go ahead make the offer!

 

Grace & Peace....

Skip Geiser

(850) 221-6442

SkipGeiser@Live.com

www.SkipGeiser.com

The Geiser Team with Main Street Properties

  

First Time Home Buyers

Because of the drop in housing prices and the interest rates still being low, now is a super-great time to buy! I know many have waited for more signs that the market has “bottomed out”, but will you be risking more money in the long run?

I’ve heard it projected that housing prices may continue to fall over the next year, but interest rates are also projected to be rising this year. Over the life of a 30-year loan, you need to weigh the benefits of going ahead and purchasing your home now at the lower rates rather than waiting for a possible “bottoming out” of the housing prices.

There are some terrific deals on the market right now that you could take advantage of. Make sure you are staying on top of the real estate market as well as the mortgage market as you consider the purchase of your first home! Your dream of home-ownership may be closer than you think!