I just read an interesting article about media hype and whether anyone thinks now is a good time to buy a home… Guess what the conclusion is? 7 out of 10 people in the United States think now is a good time to buy a home – that’s more than in 2003! Does that mean now is a good time? I’m a home builder – what do you think I’m going to say?
This might come as a surprise coming from someone who makes his living building new homes, but my honest opinion is, only you can determine whether now is a good time. I’ve said this before, but if you’re looking for a home for your family, then the time to buy is when you have the need and the resources to get what you want and need. Are there bargains out there? Maybe. Can you live in a bargain? Your family probably deserves something other than a “bargain”, and if you are in a position to invest in a home for your family, and your family has a need, then it’s time to buy.
Now, let’s make the distinction between “bargain” and “value”: to my way of thinking, everyone deserves to get the most for her or his money, regardless of the product. When I hear the word “bargain”, I think of all that junk in the big bin at the front of the store. You know, the bin you can’t resist looking through until you realize it’s all the junk the store couldn’t sell for full price? Value, on the other hand, means (to me, anyway) something that you are happy to pay good money for. Have you ever heard anyone say, “I want to make sure I get less for my money”? The bottom line is you want to get the most of whatever is most important to you for your dollar. In the case of a home, that might be square footage, convenience, amenities, or any number of things. Again, and I’m repeating myself (please forgive me), you are the only person who can decide what’s most important and whether you are getting a good value. None of that has anything whatsoever to do with whether anyone else thinks it’s a good time to buy.
Did I answer the question whether it’s a good time to buy? I hope not. That’s your call. You can read the original article here http://bit.ly/dsDtx5 .
Thanks for reading!
Tim
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