Real Estate Chat

Now Is The Time To Buy! September 10, 2009

In the last couple of years, the United States economy has suffered tremendously.  Companies have shut down, workers have been laid off, individual and family income has reached record lows and spending has therefore decreased significantly.

With the shape that the U.S. economy has been in lately, one would not imagine forking over 100k to purchase a new home.  In realty, individuals are cutting back expenses just to stay afloat.  Food costs were up, energy costs were high and healthcare costs were soaring if not unaffordable.  We find ourselves pinching pennies in order to meet the higher costs of everyday necessities.  Credit agencies were offering less credit when we needed it most.  On top of that, we saw them raise interest rates even on customers with outstanding track records.  In the end, one could say that all signs point away from making any big purchases in the near future.

Lately, under the new Obama administration, we have seen a different trend.  We’ve seen government bailouts help companies meet expenses in order to maintain their workforce.  We’ve seen credit agencies get backed by the government in order to increase the amount of credit they offer.  We’ve seen new tax breaks distributed to individuals and families that needed a few hundred extra dollars in their pockets.  Generally speaking, we’ve seen a positive change to the economic status in the United States.  Things are slowly starting to bounce back.  In terms of the real estate industry there is only one thing to know, now is the time to buy!

The housing market was suffering greatly for the last couple years.  Property owners have been forced to lower their prices and sell at all time lows.  Government incentives have made new real estate purchases less intimidating, as well as cheaper.  Tax rebates for 1st time buyers sweeten the deal.  Government backed creditors are giving real estate buyers the limits they need to purchase the property they want.  Real estate investments made now will definitely maintain their worth in upcoming years as the economy continues to improve.  This is the time to buy because you will not find a cheaper price on the real estate you are looking to buy, or the amount of incentives that are currently being offered since they are unique to the situation we are in.

If you are considering a new real estate purchase, be confident that you are making a good decision.  Your purchase will be made at a great price, your property value will increase over the next few years, the incentives you receive for making your purchase will be unprecedented, and you will be helping to stimulate the economy, thus enforcing the upward trend that the U.S. economy has experienced in the latest short term and is needed for the long term.