Is now the right time to buy a home?
Posted on Wednesday, August 22, 2012 at 10:29:12 PM
As the negative impacts of the recessions slowly begin to recede from the housing market, more Americans are looking forward to homeownership. While owning property is just one facet of the quintessential American dream, it is the part that was put off for many facing the instability of the market.
Many real estate experts are encouraging potential homebuyers to consider the present as an opportune time to buy. According to MSN Money, record-low average mortgage interest rates, low home prices and more lenient lending standards could prove to be a fruitful combination. Those considering a property purchase may want to research the affordable and easy-to-understand lending practices exhibited by Home Loan Investment Bank. The organization's residential financing options could help those seeking their first, third or even fifth home get the rate that is right for them.
In the middle of a buyer's market, many properties are ready and waiting for purchase. For example, there is a number of distressed properties on the market, such as short sales or foreclosures. These houses offer potential homebuyers the opportunity to attain a property for less than it would go for in a more stable market.