The Cost of Waiting : The Cost of Waiting By Ridhi Raheja
www.ridhiraheja.com
Housing Environment : If you want to buy a house, but are hesitant:
You think prices will decrease further.
The rates may go lower.
It can be difficult to obtain financing to purchase a house.
Due to the employment environment, people are afraid to take on new risks.
Let us show you why it may not be in your best interest to wait. Housing Environment
The Facts as we Know Them : Home prices have dropped The Facts as we Know Them
1839 Fairoak Drive, Naperville Il, 60565 : Single Family Home
Home Value
chart from
2001 till
now. 1839 Fairoak Drive, Naperville Il, 60565
The Best Value you can Find : Not only are houses inexpensive, and interest rates are at historic lows.
Current trends show a recovering market. The Best Value you can Find
How Buying Power Works : At 4.5% for 250K, the monthly payment is $1266.71.
At 5.5% for 225K, the monthly payment is $1277.53.
Your buying power is decreased 25K or 10%. How Buying Power Works
Perfect Time to Buy : GDP has gone up
Unemployment down
Economy is improving (little by little)
Rent has increased 38% since 2000.
Continuing to climb every year.
This will cause interest rates to increase and housing prices to rise as well. As these are both artificially created by the government.
This truly is the best time to buy a house.
www.ridhiraheja.com Perfect Time to Buy