Why Buy a Home NOW?
Monday, March 30, 2009
Bestselling author, David Bach, says, "The average homeowner is worth 35 times more than the average renter."
Mortgage rates drop to an historical low. How much home you can afford is affected by mortgage interest rates that, right now, are highly appealing. Good credit, documenting your income and a substantial down payment will make you a better candidate for the better mortgage rates.
Now, unlike several years ago, the Charlotte real estate market has a large inventory of homes in many areas. The market time to sell a home has increased which creates a large inventory of homes, everything including new, existing, short sale and foreclosures. Buyers can peruse the market and have the freedom to select the home they really want. If you're interest is in a new home, know that many developers are getting more competitive with their pricing because they also have taken a hit by the ailing economy.
Mortgage rates drop to an historical low. How much home you can afford is affected by mortgage interest rates that, right now, are highly appealing. Good credit, documenting your income and a substantial down payment will make you a better candidate for the better mortgage rates.
Now, unlike several years ago, the Charlotte real estate market has a large inventory of homes in many areas. The market time to sell a home has increased which creates a large inventory of homes, everything including new, existing, short sale and foreclosures. Buyers can peruse the market and have the freedom to select the home they really want. If you're interest is in a new home, know that many developers are getting more competitive with their pricing because they also have taken a hit by the ailing economy.
