The Right Time To Buy

admin on August 27, 2010 in Articles

Many people are advising folks that this is the best time to buy a home or to dive into real estate, but is it really the “best” time. For sure the mortgage rates are low right now and there are a lot of homes on the market for sale. Many of these homes are foreclosures and that could mean considerable savings for the home buyer. With rates low, a huge inventory to choose from and foreclosures offering the home buyer incredible deals, one might believe all those folks that this is a great time to buy.

I agree that for the most part this is a great time to buy, and if you’re interested in Westfield NJ properties you can visit www.jackiesafran.com, but you must look at the other side of the coin before diving into a large long term purchase. The job market right now is not stable and unemployment rates are at the highest levels in a very long time. When jobs are unstable, income is unstable and when income is unstable, it’s not a good time to strap yourself with large long term debt. Many people thought that their jobs were stable until they got laid off. Do we really have security right now in the job market. If you do and you feel secure with your employment, than you may be in the right spot for purchasing a home and it may be the “best” time for you. But for those folks that don’t know what tomorrow will bring, it might not be the best time.

We all have the belief that we will recover from this downturn, after all we always have. What we are not used to is how to navigate the downturns, and this is where many can get into trouble and end up in foreclosure losing their homes to the banks.

I think that the market is good right now for buyers and I believe that you can take advantage of some really good deals, I just think that if we all were a little more smarter a few years back we would not be in the situation we are in right now. Make smart decisions when it comes to purchasing a home and choose a good realtor who can help you navigate the process. For more information on homes in Scotch Plains New Jersey please visit www.jackiesafran.com. You can also view featured properties and look at local information.

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