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Monday, April 25, 2011

Why a House is the Best Investment!

If you’re looking to put money to work for you, now is not really the best time to own your own home. 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.

I have a few clients that are interested in purchasing a house but are hesitant.  They are getting Pre-Qualified, good credit, good job, family stable, but scared to take a leap, scared to jump on board and join the Home Ownership Experience.  The time is now if you want to purchase a home while interest rates are still low 4.75%, but rising.  House prices are still low (averaging $129,249), but going up. Builder’s prices are increasing, as well as gas prices, and the cost to build.  We just saw an issue with the government and Soldiers not knowing if they were going to get paid and having pay issues.  At one time the government was telling contractors not to even come in to work except for critical personnel.  Here in Texas we are also watching what’s going on with the security of teachers’ jobs.  If you have some money saved and a secure job and you are waiting on an investment opportunity then wait no longer.

The time to buy is now!