It would be easy to believe that no one is buying houses, what with all the horrendous scary disgusting sober news out there. I don’t know what its like in other markets, but the fact is that according to my decidedly unscientific pull of data from the Triad Multiple Listing Service (the database into which all transactions involving Realtors in our area entered) shows that between April 1 – September 30 of this year, nearly 2000 properties closed, just in my city of Greensboro, NC. (Our MLS reaches across the Piedmont Triad area of North Carolina which includes several counties and cities.)
Now, for sure that number is lower than for the same time frame of last year – just over 2500 properties – buy there are still people buying homes. And they are getting some good deals. It’s a good time to buy.
Are there down sides to buying now?
That depends, as it always has, on your particular situation. If you have stable income, have a good credit record and won’t be looking to move in under about 2 or three years then it’s a good idea to start looking. This is a historic “buyer’s market” and it won’t always be such.
If you are having trouble paying your car loan, don’t have any savings or wonder every day whether your job will be there when you walk in, then perhaps you need to sit things out until things settle down for you.
But this is not new. These are basic questions a buyer should always ask themselves before getting into home ownership.
So, check your credit (go to this site to get started), check out your bank balance and put some money by for a downpayemnt, and call a Realtor to start looking.
Go on! You don’t have anything to lose. And you may find your next home, just waiting for you.
