As a twenty plus year veteran in the Mortgage and Real Estate industry, I am still bewildered by the mind set of many renters and future homeowners that will gladly jump into the real estate market when it is on the upswing. Buyers seem to be more than willing to pay more money for a home because ten other people want the same property.

It was not that long ago, when a seller could list their home for sale, and have ten offers on the table before the “For Sale” sign even hit the front yard. Buyers were out-bidding one another by tens of thousands of dollars just so they could be the successful bidder.

Now that prices are down, no one seems to be as enthusiastic. Have we all forgotten the rules to gaining wealth in our society, the “buy low sell high” concept that works for stock, bonds, real estate and many other commodities? So answer this question for me. If real estate prices are the lowest they have been in over five years, mortgage rates are at 5.25% for a 30 year fixed rate loans, and lenders are making it more difficult to qualify for a loan in the future, then why in the heck are people sitting on the fence, waiting, instead of picking up the best real estate deals they can get their hands on.

Maybe I am the crazy one here; however, I do not get it. I know we hear in the media every day, that the real estate market is bad, however, what is really so bad about it? For those of us who purchased our homes a few years ago, well, we paid top dollar! We probably lost some equity in our homes, which in reality is really only air money. Unless you tap into that equity, and used it to improve your financial situation, it really doesn’t mean anything.

For those people that did not purchase real estate over past three to five years, consider yourselves lucky. You have the opportunity to get a rock bottom deal now that is guaranteed to pay off for you in the up-coming years. For those who purchased a few years ago, you are equally guaranteed to get back most of your investment, if not all of the equity you lost and then some.

So, here are my top ten reasons why YOU SHOULD RUN NOT WALK to your mortgage and real estate agent, and say FIND ME MY DREAM HOME!

1. Buy low sell high this is a simple strategy to gaining wealth in America.

2. If you do not own real estate, the person you are really working for is Uncle Sam.; you are missing out on the best tax right off available to you.

3. You can bring home .75 to .90 cents on every dollar you earn buy owning your own home.

4. If you wait another twelve months to buy you may be required to put down as much as twenty percent to purchase your next home,

5. Our current market is very volatile and tightening by the day. The loan you qualify for today may no longer be available tomorrow.

6. You may now be able to afford to live in a neighborhood you would not have been able to qualify for a year ago.

7. You can still purchase a home with zero down payments, and zero closing costs.

8. Interest rates are once again at a 42 year low of 5.25%

9. You can now get more home for your money. What would have been a condominium for you two years ago, can now be a single family home with a yard for your dog.

10. The home you want at the price and payment you are looking for is out there right now waiting for you! You may end up wishing you got off the fence, turned off the news, and went with your own God given instincts to make one of the most powerful decisions of your entire life!

Some of the wealthiest people in the world do not make their decision based on fear, gossip, or conjecture. They make powerful choices and go against the grain. They look at the real picture. Their decisions are often based on common sense, gut instinct, and taking action when opportunity knocks. Will you be among the 2% wealth builders or the 98% who wished they had purchased their home when the market was so good?

Just food for thought!

Remember to Live Life Powerfully,

Colin

http://www.loans4heroes.com

cfwatson@loans4heroes.com