Three Advantages to Buying a Home This Spring

Can you believe that people still think that buying a home is a great way to invest your money long term? Even ทาวน์โฮมมือสอง สุขุมวิท in these economic conditions?

A recent study shows that almost 9 out of 10 homeowners would buy the same home again! And 7 out of 10 Americans would tell a friend to buy a home.

How come people are still so keen on homeownership with all the mess we've been through in the past two years?

Well, although no one is suffering from excessive optimism or cheerfulness about the economy or housing market in general, we still need a home to live in. Over the long run, buying a home has proven as a sound investment.

Now is the best time to buy! As a buyer, you will have many advantages this Spring:

1. You'll have lots of choices. Go out there and see for yourself what's there to offer. Make a list of great homes with your agent, and enjoy the choices and options. With homes taking longer to sell it means that you have more time to consider and revisit your favorite homes and you won't be under pressure to make hasty decisions.

2. Interest rates are so low, prices have sunk, so housing affordability is way up. You may be able to afford more home than what you thought! It is not often you find prices sinking and mortgage rates dropping at the same time, so take advantage of this opportunity.

3. It has been called a buyer's market. But I would rather call it a strong and pre-approved buyer's market. A strong pre-approval from a reputable lender is gold. Got cash, well, expect some serious buyer super powers. People with cash, large down payments, and strong pre-approval letters from reputable lenders will do best and enjoy some negotiation power. If you can get a mortgage, show off that pre-approval!

It is not all rosy out there. This country and some areas more than others, are suffering and going through economic turmoil. And the lending institutions are now overly cautious.

There are two pitfalls to watch for during your purchase, once you find a home. First, make sure to follow all the lenders' guidelines and requests. Credit is tight!

Second, ask to see the appraisal on the home you choose. The bank's appraisal may come in lower than the price negotiated, which can kill the deal. A smart agent may be able to save the day with some renegotiation of the price in your favor.

So get out there, search around for your home, the market is waiting for you. Just watch your step.