Should I Buy A Home Now?
The Phoenix Arizona housing market is down...and I'm sure I am not the first person you have heard that from!
If all you hear is bad news when it comes to housing information why would you want to buy a house now?
If you are thinking about buying a house...here are five great reasons why now if a great time to do it.
5 Reasons To Buy
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Prices in the neighborhood you are interested in are relatively stable. There are neighborhoods and homes that even in this market are either retaining their value, or increasing in value!
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You plan to stay in the home for more that five years. If you can stick it out that long before selling, economists say that you will ride out any downturn and come out ahead on price.
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Your rent rivals a mortgage payment. If you can afford buying a house, it will give you one bonus that renting can't: The mortgage -interest deduction on your taxes!
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You've found the right house in the right area for you. If you love the area and know it would be hard to find another house like the one you have your eye on, and the schools are great buy it! In a better market, you would most likely have much more competition for that home.
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You've build equity in your house and are moving to a place where homes are cheaper or equal in value. When you sell in a down market you might not get what you want, but your money goes just as far if not farther when you buy your next home!
Remember the Phoenix/Scottsdale/Mesa area is still the number one job market the country! We are also still the second fastest growing metro area in the US.
If you have a five year plan to own your home...now if a great time to buy a house in the Phoenix Valley!
Date: Monday, February, 11th 2008 @ 09:20:13 AMViews: 571
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