Is it a good time to buy house now?

China
September 16, 2010 12:11am CST
As a house purchaser, it's very normal to consider if it is a good chance to buy house. and understand real estate markets before buying house. Before looking for a house, ask your agent to explain the present type of market to you. If your agent doesn't know or can't tell you, then you might want to look for a different real estate agent. So when is a Good Time for Homebuying? A good time for homebuying is when a buyer can afford to buy a home, the market is not volatile and affordable financing is available.If a mortgage payment would be just about as easy to make as a rent payment, it might be a good time to buy. We should consider the following factors, It is possible the tax write-off alone will make homebuying right for you. The convenience of being closer to work might make homebuying right for you. The comfort of living near friends and relatives might make homebuying right for you. Most people buy a home because they want to own a home, not because they plan to make a profit. But it's still wise to have an exit strategy.
2 responses
@key2write (493)
• India
16 Sep 10
To buy a house you need some information which is very important. Where you are going to buy i.e. its location. 2ndly why you are going to buy a house, for business purpose or for your personal purpose. Time factor is also important, sometimes a house cost go down because of some factors. To buy a house it is important to choose its location.
• China
18 Sep 10
Hi Key2write, thank you for your suggestion, yes, it's right, I should consider the location when buy house, I should consider if it is convenient for my children to go to school, if the traffic transportation is good, if the environment is also better. Which is most important. Have a great weekend!
@greenline (14838)
• Canada
16 Sep 10
That is a very good guideline you are presenting for home-buyers. The real estate market keeps fluctuating all the time throughout the year. Depending on where one is living, conditions differ. It is absolutely necessary to check all factors before making the decision, with short term and long term perspectives. Yes, it would be wise to consult with real estate agents some times.