Many potential house buyers are asking that very question right now.  The media has bombarded them with gloom and doom about the economy and about the declining real estate market.  With all of the uncertainty, buyers are nervous about purchasing a home right now.  They want to know they are making a wise choice. 

If you are buying OR selling a home you need to hire someone who realizes that this is one of the best times in American real estate history to buy. When interviewing a real estate professional, ask them to explain why purchasing a home makes sense today.  They should be able to explain it simply and effectively.  See how many of the following facts the real estate agent knows:

The Wall Street Journal last week stated:

“With home sales starting to improve, and with prices now possibly forming a bottom, real estate could well be the asset class that represents the best low-risk buying opportunity out there today.”

Warren Buffett recently predicted a housing market recovery:

“a housing recovery could begin within a year or, at least, it is certain to occur at some point”  (Buffet has been making waves as he “bets” on a housing market recovery by putting his money, literally, where his mouth is. He recently acquired an Alabama brick manufacturer and began construction on a roofing plant in Ohio that will run him about $55 million.)

Donald Trump was just quoted saying:

“I’m pretty sure this is a great time to go out and buy a house. And if you do, in 10 years you’re going to look back and say, ‘You know, I‘m glad I listened to Donald Trump’.”

John Paulson, a multibillionaire hedge fund operator and the investment genius who made a killing betting against housing a few years ago, is now bullish on residential real estate market. He recently said:

“If you don’t own a home, buy one. If you own one home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home.

A recent Gallup Poll showed that 67% of American’s think that now is a ‘good time’ to buy a home. The Gallup Organization went on to say:

“Overall, there is good reason for most Americans to think now is a good time to buy a house. Interest rates remain near historic lows. Home prices are down sharply, providing many incredible buys.”

The leading financial paper in this country, the second wealthiest man in America, the country’s most famous real estate investor, the most successful prognosticator of the housing market and 2/3 of all Americans say now is the time to buy a home. Shouldn’t your agent agree?

With such positive, and common sensical, forecasting, surely those “sitting on the fence” buyers need to act soon! Especially with interest rates inching upward, although still incredibly and historically low, combined with listed homes showing at least a 20% or greater decrease in prices and very motivated sellers… the time to buy is golden.

Just remember, you make your money when you purchase your home, not when you sell it.

Tony Green, Realtor

Tony Green is REALTOR® who works in Winston Salem, Clemmons, and Lewisville NC and the owner/broker of EXIT Realty Elite. He attended Appalachian State University (go App!) and graduated with a BSBA in finance and real estate. He likes walks on the beach, cute little puppies, and smash mouth wrestling...and maybe a little humor from time to time. :D Tony looks forward to serving you and helping you with your real estate needs.

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