In looking at today’s real estate market we see a lot of homes actually on the market.  Is now a good time to buy or not?  We’ll look at that question and let you make that decision.  Obviously, with a lot of properties on the market prices are clearly low or at worst reasonable compared to a few years ago.  Many people are even willing to look at the short sales and foreclosure sales to try to arrange a “better deal”. It is imperative in those situations to be aware that you may fact many projects to bring you home up to the appearance and need you will want.  It’s more than one buyer who brought a short sale or foreclosure that had to spend a lot more money to fix certain items. 

Another consideration is what type of interest rate you will get.  Recently, I saw a review that today’s rates are the lowest they have been in decades.  We have even seen a 3.75 fixed for 30 year rate. That’s truly a great rate.  If someone has a credit score over 620 he can get a FHA rate that is very reasonable with a small downpayment. 

The big thing in today’s market is looking a your own job stability.  To be blunt, if you don’t know for sure you are going to have a job you shouldn’t buy a new or existing home anyway.  However, if you do feel confident in your job stability and comfortable with your present financial situation then today may be a terrific time to get started in you real estate ownership experience.  Good luck in making these decisions and happy house hunting.