Planning to buy a home? Are you
sure? If you answered “Yes”, be sure to
bring your checkbook. There’s only
one way to buy a home - take action.
The national news channels ran a story
not long ago that said there is only a 4-
week supply of homes on the market
right now. In the same story they
reported that the national average for
mortgage loans was 5.7%. Although
that is the national average, rates may
be higher or lower by the time you read
this column.
The important thing to remember is
that the housing market is “HOT!”
Americans are placing more emphasis
on home and family these days.
They’re placing incredible demand on
the existing housing supply. In some
instances, buyers are competing with
each other for the same house - bidding
even more than the asking price.
Homes are in short supply.
If you really plan to buy a home, be
prepared to act when you find the
perfect place. That means securing a
mortgage loan commitment before
beginning your home search. It also
means being prepared to make a
purchase offer on the spot and write a
check for the earnest money deposit.
Each of these actions assures a
successful purchase.
Regardless of what you’ve been
reading about the national economy,
one thing stands out - it’s a great time
to buy a home. Be ready!
