Nothing in this life lasts forever, not agony or opportunity. There are a lot of people out there today who are in agony due to the current market, but there are also a lot of people out there who have an awesome opportunity as well. No down turn in the economy, including the Great Depression, has lasted forever. So the good news is that at some point, those who suffer today will find relief.
The flip side to that coin is that those who balk on the opportunity of today will miss out on their chance to take advantage of today's market. There are several key factors that make now an excellent opportunity to become a homeowner.
Mortgage rates are at historic lows. They can't stay there forever and at some point they will rise.
Home prices are down. For the most part, across the board homes are now cheaper than they have been in a long time. At some point those prices will rise.
Inventory is up. Due to a decreased number of buyers in the market, the number of homes for sale is up. This gives you plenty to choose from in your search and less competition depending on the home.
Yes, nothing lasts forever. Those who suffer today will get better tomorrow and those have an opportunity today will watch it slip away in time. Obviously if you are not ready to buy a home or you're incapable of doing so, then the opportunity doesn't matter to you. But, if you are capable and you have been thinking about doing so, then you need to seriously consider getting off that fence and seeing what opportunities lie before you.
JL Boney, III - Columbia, SC Realtor - Coldwell Banker Residential Real Estate
I specialize in Columbia, SC real estate and the surrounding areas, including Blythewood, SC, Kershaw County, Fairfield County, and Lexington, SC. If you are in the market to buy or sell a home in Columbia, SC or any of the surrounding areas, I would love the opportunity to speak with to see how I can help. Thanks for reading and feel free to contact me if I can be of service to you.
Office- 803-788-1450 Cell- 803-730-9601 Email- James_Boney@Yahoo.com