Is this a good time to buy a house?​

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Because I am a Real Estate Broker and an Income Tax Preparer people ask me if now is a good time to buy a House.

Though home ownership is not for everyone most people don’t realize that buying a house in this current market is the best time and if this Window of Opportunity is missed a great deal of wealth will be lost.

​Window of Opportunity for investing in Real Estate​

Historically Real Estate prices go up then they go down then they go up just to come down again.  A smart investor always buys when the prices are down and sells when the prices are up.  Nobody knows if we are at the bottom of the Real Estate Market or if there is more softening in the home prices.

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One thing I know for sure is this: To buy a home at today’s prices the money needed is not very much.  Many people are finding out that at today’s low fixed rates over 30 years the home payments are the same or lower than what they are paying in rent.

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If you qualify for a home payment that is the same or lower than what you are now paying in rent then why not pay for something comparable that is yours?  It does not matter if the prices go down because eventually the prices will go back up.  You do not lose unless you sell.

Owning a home will also give you the related tax benefits that will lower your taxes and allow you to keep more of your money.

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If not now then when?

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Call me at 714 744 5495 for a free pre-qualification.  Who knows, this may be your path to becoming a homeowner.

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Loans guaranteed by the Federal Housing Administration (FHA) require very small down payments.   Most home loans today have fixed interest rates for a period of 30 years.  At today’s Annual Percentage Rates (APRs) the monthly payments including taxes and insurance (PITI) and the down payment amounts could be very affordable.