Is it the right time to buy a house?
1 September 2009
5 reasons to buy a house at the moment........
1 Interest rates determine your monthly mortgage payments and at the moment interest rates are low.
2 There is a wider range of houses on the market and for longer periods of time. This means that the potential for finding a property that exactly suits your needs is much greater.
3 House prices are now more realistic to the actual property value. Sellers are no longer able to ask for whatever price they want for a house.
4 The housing market is a buyer's market at the moment making negotiating much more rewarding. It is worth while starting your offers well below the initial asking price.
5 Property is a good long-term investment. Even though there will always be periods of property value decline, over the long-term house prices usually exceed inflation.