Ignore The Headlines!

It has been a tough year to decide what to do if you want to buy or sell a home. This Time article make some great points as to why you should buy a home now. But for every positive article like this, you have more negative ones like this one at Yahoo.com telling you why renting a home instead of buying might be better. If you need to sell a house right now, you do need to realize that prices are flat and you will need to price it realistically for it to sell today.

What is a realistic price? A good indicator would be to go back 5 to 7 years, find the value then and increase it by 2-3% a year. While this is a very simplistic and often times the wrong approach, it can help us see the long-term, steady increase the house would achieve without the wild run-up of prices we saw a couple of years ago.

If you are renting and have stable income, even just OK credit and a little cash, now is a great time to buy. What is keeping a lot of people on the sidelines are the headlines about record foreclosures, people losing their homes and the sub-prime loan meltdown. All of these thing, while significant, should not keep qualified buyers from possibly the best buyers market we have seen in years.

Let me help you determine if now is the best time to enter the home ownership market. I can help you find a great lender and a great home.

Michael Bradford
770-862-8002