There are at least 10 Reasons to Buy a Home! Even here at Lake Oconee we hear much gloom and doom that the idea of home ownership is not a good investment at the present. We have had a paradigm shift lately concerning the benefits of owning one’s own home. Maybe for a few years we will not see much profit on a home sale if we have to move. However, some voices out there are advocating that home ownership is still a positive option, if not for all, for many of us. Following is a reblog of a post that I consider an honest assessment of the pros and cons of home ownership.
10 Reasons for Buying a Home in Today’s Market
BY HOUSINGGURUADMIN, ON OCTOBER 5TH, 2010
The Advantages of Buying a Home
I will begin by stating that I’m not a real estate agent and derive no income from real estate sales. The information provided is to help potential home buyers make the most prudent choices regarding the purchase of a home.
As a former home builder I have built and sold hundreds of homes and have experienced both good and bad markets. Each day I read news about housing and the economy, and while much of that news is negative, I believe the current market to have some of the best opportunities for buyers that I’ve experienced during my entire career. Below I have offered several pertinent facts for buyers to consider.
10 reasons for buying a home in today’s market:
Although today’s lower home prices may be attractive, not everyone should purchase a home. Those whose employment may be tentative or who are subject to being transferred, may find it better to rent until those conditions change. Additionally, those who lack the financial resources to purchase and who have little or no savings may find that the risk outweighs the rewards. They too, should wait for more opportune times. Buying isn’t for everyone; but those who prefer to own and who meet the conditions for ownership may find this the opportunity of a lifetime—and an opportunity that can create a lifetime of rewards.
And while we all like to take advantage of great buying opportunities, purchasing a home requires both an understanding of the current market as well as historical trends that may affect the potential future value. That’s why I recommend that buyers seek the advice of a professional buyer’s agent experienced in their market to assist in the purchase process. Proper guidance is critical; what appears to be a dream purchase can become a nightmare when not properly analyzed.
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In which category do you belong? Are you financially stable and value home ownership? Lake Oconee is a great place for a second home.
If you are a qualified buyer, call Suzie and Jim Hudson for further information about homes for sale in the Lake Oconee area. RE/MAX Lake Oconee, 706-453-6253 (cell) or go to LakeOconee.com website to search for property.
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