Three Great Reasons to Buy a Home Today!

By: Melanie Speed
There has been a lot of doom and gloom hovering over the real estate industry of late, and for good reason. The foreclosure crisis, America hovering on a recession… these are things that might make you want to wait. However, there are a few great reasons why you should buy while prices are low and people are holding on to their money.

Prices are low.
Interest rates are low
People still need places to live
Prices:

As demand drops, housing prices do too. This means that you could be buying a great home at a rock-bottom price. Despite the financial crises that many people are going through right now, home owners still want to sell and buy.

Buying low means savings for you and a reserve in equity once the housing market gets back on its feet. Now is the time to buy low so, eventually, you can sell high or at least benefit from the increased equity in your home.

Interest rates:

Along with housing prices, interest rates are dropping as people are buying less. This is a good time to get a great interest rate on your mortgage. Something that can carry you through the life of your mortgage when rates start to rise will be a source of personal and financial satisfaction.

A good interest rate is really what enables you to pay for your home; the dropping rates will enable you to get a good permanent rate for the life of your loan.

People still need places to live:

You can rent your living space out to people who need somewhere to stay. Whether it’s a room, suite or entire dwelling, you could have your mortgage paid or partially paid by someone else. Renting is one of the paths to an independent income and is a great way to start out in building a real estate portfolio that could lead you to prosperity, even in these depressed times.

If you buy carefully, you can snap up homes in desirable areas that people will gladly pay a generous amount of rent for. Use this to pay the mortgage and keep the property in good repair and you will see your equity soar over the years with very little effort on your part.

These three reasons aren’t the only ones to buy today, but they are three of the most compelling. If you want to make it in real estate or just have a good home for a very fair price, think about buying today. There has never been a better time than now!




About The Author:
For local, personal attention to your Las Vegas real estate needs, visit eHome Realty, your professionals in the Las Vegas Valley. You'll find information about Los Prados real estate and more at eHomeLV.com.