Stellar Agent Rachel Weinberg sent a phenomenal piece in her October e-newsletter that she's graciously agreed to shared with you all. Be sure to thank her atRachel@MovinginBoulder.com!

8 Reasons to Buy a Home Now! 

1.    It’s a buyer’s market!!!

2.    Rates are in the 6 percent range, STILL at historically low levels.

3.   As we near the holidays, homes will still be for sale, but many buyers will cease their property searching activities until after the holidays. This means you will have less competition and sellers that are motivated.

4.   There is no way to time the bottom.  Even though the sales in our area have decreased, prices have still been increasing in most areas. An important concept to know and understand in real estate, as well as the stock market, is the concept of “Time in the Market” trumping “Timing the Market”.  You will never know when we hit the bottom until sales have already begun increasing and as a result, we will see appreciation levels return to the high single digits and low double digits we saw in the 1990’s, prior to Colorado’s correction years of January 2001 through today. Getting into a home now ensures a good price and good rate AND a piece of the market before our next major upturn.

5.   Owning a home is one of the best ways to build wealth. The U.S. Federal Reserve Board’s Survey of Consumer Finances showed home owners had an average financial net worth of $184,400, while renter’s net worth was just $4000.

6.   If you are a renter, you have probably seen your rents raised in the past year or two and if you haven’t yet, this is sure to come.  With foreclosures and a slowing economy, more people are being forced into or are conservatively choosing to rent. Rental rates are influenced by supply and demand, and therefore, as demand increases, so will rental rates.

7.   Tax breaks!!!  If you are single, don’t have children and/or don’t own a business, chances are you see little to no money back each April on your tax return.  Owning a home provides great tax benefits including deductible items such as mortgage interest (both on your first and second), PMI or private mortgage insurance, and others.  Check with your CPA for more tax-saving home ownership information.

8.   It is a great move up market.  In other words, it is a great time to sell your current home and use the equity you’ve built to buy your next home or dream home!

You Can’t Afford Not To Buy a Home Now! 

Rachel Weinberg is a broker with Stellar Properties in Boulder, Colorado.  She is an expert at serving clients and investors with their buying, selling, and relocation needs in Boulder and Broomfield Counties.  She can be reach by phone at 303.442.4882 or via email at Rachel@MovingInBoulder.com.  For more information about Rachel or the Boulder area, visit www.MovingInBoulder.com.