When it comes to buying a home some buyers may feel nervous about this since this is normally the biggest investment the majority of us make during our lifetime, especially in todays market. Many prospective home buyers I have had the opportunity to speak with in recent months have pretty much had one question on their mind. That is "if I buy now, how do I know if my home will go up in value or down in value when I sell?".  That is a question that no one (even the experts) really know the answer too. You should not try to time the market when you think prices will hit rock bottom. If you need a home or want to buy a home go ahead and start looking. Experts are still predicting that it will remain a buyer's market for the foreseeable future, so take your time while looking. People should buy for the long run and look at it as a long term investment of three years or more. Don't expect the kind of price appreciation that occurred in the early 2000's. However, there is one really bright spot in buying a home today here in the tri-county area. Prices have adjusted and home affordability has greatly improved for almost everyone. So if you're thinking of buying a home feel free to contact me anytime for a no obligation consultation on whether buying a home is the right move for you.  Also please visit the following links below this one  which will walk you through the step by step process of buying a home. That way you can make the most informed decision possible on whether home ownership is the right move for you.

SHOULD I BUY INSTEAD OF RENT?: Long after the term "the American dream" was coined, homeownership is still the number one goal of the majority of americans and their friends and families. Home Ownership is considered to be one of the wisest decisions a person can make in their life. A home typically increases in value over time and as time passes by the home owner builds ownership interest otherwise known as equity which can be borrowed against should the need arise. In contrast to renters, homeowners receive significant tax breaks. last but by far not the least their is a personal satisfaction of having a place to call your own that you can share with friends and family.

OWNING NORMALLY COSTS LESS THAN RENTING: Renting does have some advantages over owning. If you need to move frequently, don't want to set down roots, or not sure of your future income potential renting may be the best option for you. However, don't just assume that renting is less expensive thsn owning. Your monthly mortgage payment is often lower than the monthly rent on a smaller property. Owning your home is like having a piggy bank you can live in. Every mortgage payment you make on your home adds both value and equity to your overall worth. Money paid in rent does that for your landlord while simply evaporating from your account without anything to show fo it. Research also shows that over the long term real estate has proven to be an asset that increases in value over and and above other forms of investing. When you figure in the significant tax savings as well as the potential increase in value, homeownership becomes even more attractive than renting.