Real Estate

My clients and potential clients ask me this all the time. Since I sell Real Estate for a living, you would expect me automatically answer; "Of course you should buy". But since my business has always been built on honesty and trust, sometimes I have to tell them that now is not the time to buy.

There are many factors to consider. Here are a few.

Follow up:

REASONS TO BUY NOW

* Interest rates are relatively low now but will probably go up.

* There are definate tax advantages to owning your home vs. renting.

* High Credit score.

* Lots of homes to pick from.

* Prices are down.

* Start building equity

* The market WILL come back up!

REASONS NOT TO BUY NOW

* Low credit score

* No Job

* No money

* You love paying someone else's mortgage and having nothing to
show for it.

* You like having someone tell you whether you can paint a wall or
hang a picture.

I don't mean to sound sarcastic, but it is what it is.

If you qualify for a loan,(good credit, good job history, a few thousand in assets) you should seriously considering buying now.

Just like in the stock market, the idea is to buy low, hang on for awhile, and sell high. Real Estate is no different.

To see what you qualify for visit Alpine Equity Group and fill out the mini-application. There is no cost or obligation.

Below is a very simple RENT VS. OWN CALCULATOR. Try it out just for
fun.

NOTE: IT IS MEANT FOR INFORMATIONAL PURPOSES ONLY !!!

Chris Mullins
Broker
Prudential Rocky Mountain Realtors