May 7th, 2008 11:36 PM by Manuel Couto, CRS, CRB
So many people still looking at homes, and yet, no one is pulling their hands out of their pockets!
Gas Prices, Food prices, War, Election time, Kids at school, Car payments.. but yet... People pay rent for what? A safe place to live and a roof over their head. That money goes to the landlords mortgage and NOTHING goes to tenant other than shelter.
BUT, buy a home and you get the same shelter and maybe equity for the LONG term.
Low interest rates and a need for housing still drives the market place. As peoples lives change they buy or sell homes. It's a fact. And the only way to make money is by taking that chance.
"But the market is still dropping and I don't want to lose money".
Sorry. Real Estate is always going to be somewhat cyclical, but Rent.. well, that always gets thrown into the wind because you will NOT see any of it the following month.
So, take the plunge and go look at a home! There are so many great homes on the market waiting for YOU to make an offer.
Call me today at 201-997-7860 x16