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Sunday, January 13, 2008

Money Merge Account: Is now a good time to buy a house?

I know that The Money Merge Account software helps you pay off your home, and the concept talks about being more financially responsible. So I want to take a moment and address a question I get all the time. "Is now a good time to buy a house? Well I think there is a simple answer to this question. It is a great time to buy if you are in the right financial situation.Any time you are looking at a big ticket item like a home, you need to have the right mindset. Your mortgage is a debt, and if you have large mortgage, your home is a liability not an asset. Finance your home appropriately to your financial goals. I'm not saying to put down a lot of money, I am saying to make sure you can afford the payment no matter what happens, and that you have a strategy to pay your home off, using a product like The Money Merge Account.If you are in a position that you can truly afford a home then buy. You can buy new homes lower than it cost the builder to build them right now. There are also a lot of foreclosures on the market, and you should take advantage of the opportunities if you can.As far as real estate goes it has always appreciated over time. As Will Rogers once said back in the early 1900's "The funny thing about land, is they're not making it anymore.” In my last blog I included an example of what our real estate market has done over the last hundred years. Your home will appreciate over time. The best thing you can do is wait till a dip in the market happens, like right now, and buy. Any market goes up over time, it does not go straight up, there are peaks and valleys, find the lowest valley you can and buy. Warren Buffet is quoted as saying "buy when nobody wants it and sell when everyone does.” There is a lot of negative press right now, and there are homes being foreclosed on because people have lost so much equity and can't afford to hold on to there real estate.If you are fortunate enough to get a loan, and be able to truly afford to buy, then I would. I hope this has shed some light on the current market, and has emphasized the need for a Money Merge Account? Always have an exit strategy, make sure to hope for the best, and plan for the worst. Make sure you always preserve the equity you do have, by creating more when you can.

1 comment:

Anonymous said...

yea now is a good time to buy a house, since financing is quite lower than usual. the market will eventually bounce back the other way and it will be a lot harder to afford homes.