IGNORE THE MEDIA
Noted financial guru Peter Lynch recently offered this insite into the real estate market: “ignore the headlines”. Don’t scare yourself into doing nothing. According to Lynch the main reason to not buy stocks is if you don’t already own a home. In that case according to Lynch a home purchase should be your first investment. Certainly some markets such as Florida and California may not be at the bottom yet although they may be close. And banks are still woring through their credit issues. However if you are ready to buy a home, will stay in it for at least five years and have good credit now is the time to buy before a rising imterest rates cancels out the advangage that you get from the current low prices.
If you don’t have to sell a home first, now is a very good time to buy!
Pam Dent, e-PRO, SRES
Real Estate III
Charlottesville, Virginia
434 960-0161
www.JumpintoGreenerPastures.com
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