Sunday, November 11, 2007

Is now the right time to buy a home in Florida?

Are you confused? You are not alone…we all are!
A quick read through today’s real estate headlines can be confusing. Depending on which expert you believe, the market is currently trending up, down, or heading toward the edge of a cliff.Don’t let the chorus of experts confuse you.
At Homekeys, we don’t report rumors, publish market forecasts or predictions. Instead, we try to offer practical advice to buyers. It’s true that many areas of the country are considered overvalued, including South Florida.
As you do your homework, keep in mind that:
General market conditions for home buying may be better – or worse – in one year than they are today. There are no guarantees.
It’s important to remember that buying decisions should be based on not only market conditions, but individual needs.
There are bargains to be had in all types of markets. If you’re intent on finding one, it’s a good idea to remember some important real estate fundamentals.
No one can be sure where the market is headed, so real estate speculation is best left to the “experts.”
Buying real estate for investment and buying a home are fundamentally different transactions.
If you are planning to buy a home as your primary residence and keep it for several years, you can significantly minimize your risk.
Just as the “bubble” varies from region to region, so will market corrections.
Timing the market is a risky strategy, particularly after several years of double-digit increases in home prices. And the closer to you get to the “top of the market,” the less margin for error!
A disciplined approach to buying can still make your dreams come true.
Visit us at http://www.homekeys.net/ for the most complete set of tools and resources required to buy faster, smarter and cheaper.

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