Purchasing A Home – Is 2013 The Time To Buy?

by Pam on April 18, 2013

is now the right time to buy a homeBy now you have probably heard about all the people looking to buy houses.  The reason you are hearing all of these rumors is because people want to take advantage of the low interest rates on mortgages at the moment. A lot of people assume that they will not be able to get a house later on down the road because of the interest rates going up; however, that is not true.

What you need to understand is that if you can buy a house in 2013, then you should go for it. The reason I say this is because the interest rates are so low that they will not likely be this low again anytime soon, the housing market has hit the bottom, so the prices won’t be this low for a while either, and there are still many tax benefits for buying a house as opposed to renting one. Just know that 2013 is a great time to buy a house, but if you don’t have the money or the income, then it just doesn’t make financial sense.

Since most people are already aware of how great the low interest rates are and how cheap some of the housing markets are, I want to give you one more reason why you should purchase a home in 2013. Did you know that currently the government is trying to do things to strengthen the economy and once it does the tax benefits and help that you get now won’t be there? It is because of this that you should look for some way to purchase a home now instead of waiting for when it is too late. Trust me, you will be glad that you bought a home now and not waited as most people who waited many years ago have already kicked themselves for making a terrible decision.

Lastly, purchasing a home is something that should be carefully considered, not unlike many other decisions that people make. What many people don’t realize is that purchasing a home not only requires a decent income; it will require good credit, an ability to save and also an ability to make payments on time. It is this that you need to prepare for as most people who buy their first home are not ready. Just keep that in mind as you go through this year and don’t buy a home if you are not 100% certain that you can afford it.

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