I think you’d probably agree that the worst investing advice in the world is: Buy high, sell low. That’s the very definition of losing money on an investment, right?

So let me ask you: Why would you wait for the housing market to improve before buying a house?

I understand there’s a lot of uncertainty out there. Job security is questionable, unemployment is high, and you’re not sure what it takes to get pre-approved for a home loan. It’s scary. But here’s the thing: Letting fear dictate your financial strategy for the future is a guaranteed way to pay too much for a house in the years to come.

Put fear aside for just a moment. Here are some facts:

• Interest rates are at or close to historic lows
• Prices for homes have plunged to the lowest levels we’ve seen in a generation
• Bank and government-owned property inventory is at an all-time high
• Rents are rising and rental inventory is shrinking (limited rental options!)

Shouldn’t you, rather than your landlord, be the one who benefits from owning a home? Right now is the “buy low” in the “buy low / sell high” cycle. Every day I help renters explore their purchasing power. You might be surprised just how qualified you are for home ownership.

If you’re curious simply contact me, or drop me a line and I’d be glad to have a no-obligation conversation about how you could own your own home.

Tags: 30 year mortgage, First Time Homebuyer, Home Affordability

This entry was posted on December 15, 2011 at 5:25 am. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Posted in First Time Homebuyer Home Advice Mortgage Market by Michael No Comments Yet