Housing Investment is back: Now is the time to buy

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After years of dismal housing market news and perpetual headlines of lenders making it difficult for real estate buyers to purchase, we are finally coming into one of the best times in history to purchase a home. The housing market in the Atlanta metropolitan area has become one of the best buyer’s markets in the country due to an influx of heavily discounted homes, low interest rates and motivated sellers eager to make a deal.

Because conditions are favorable for buyers, it is imperative that home buyers work with a skilled and knowledgeable real estate professional that can guide them through the process.

Paige Slyman is an Atlanta real estate expert with over 15 years serving the area. Known for his extensive industry experience and strategic approach, Paige is sought after for his assistance in serving and protecting clients in the home purchase process. He also specializes in advising clients on which areas to purchase in and NOT to purchase in. By focusing on areas that are forecasted to increase in value, you can ensure that your investment is the best decision for you and your family.

Below are additional points as to why NOW is the time to buy:

Owning is now cheaper than Renting

Over the past few years, the demand for rental homes has increased, due to many factors, including an increase in foreclosures and fewer existing renters making the decision to buy. This has driven up the costs of renting a home tremendously. In fact, due to the dramatically reduced housing market prices and low interest rates, often times it can be cheaper to buy your home than rent one from someone else.There is no better time to buy a home and stop renting.

Mortgage rates are at historic lows

Mortgage rates are some of the lowest we have seen in years, however, we cannot assume that they will stay at where they are or fall even more. It is crucial to take advantage of the opportunity now. Fannie Mae expects the 30-year fixed rate will hover around 5.2 percent by the fourth quarter of this year, then rise slightly throughout 2012 to 5.4 percent or so. The 2012 forecast is 5.7 percent, more than a full percentage point above where we’re at today. Right now is the time to buy.

Less competition gives you more negotiation power

There are fewer serious buyers in the Atlanta real estate market than there was before the recession hit and the housing market plummeted. This is great news for anyone buying a home in the area because you are far less likely to find yourself in a bidding war today. It also gives you extended leverage with the current home owner that will allow you to negotiate more effectively. If you wait to buy it is possible that you could find yourself in a more crowded pool of buyers.

Factors such as extremely eager sellers, historically low home prices and interest rates and less competition from other home buyers have come together to make this one of the best times in the history of the real estate market to purchase a home. This is truly a buyer’s market but nothing last forever, there are clear signals of recovery and demand will pick up. Being a little early and ahead of the real estate curve gives buyers more leverage. Stop wishing and call Paige Slyman to help you find the home of your dreams.

Give us a call at 770.405.0100 x 222 or email us at slymanfamily@comcast.net.