house plans
Free Shipping on All House Plans!
Question or to order
Home >> House Plans >> Article
Search entire site
DREAM. LEARN. DISCOVER... GET STARTED.
House Plans
House Plans

Timing is Everything When It Comes To Buying Homes

Tags : , ,
Published On : 04-30-2005
Author :
3387 Views
ShareThis
The old adage that “timing is everything” especially applies to buying a new home. And trying to be at the right house at the right time and get it for the right price can be tricky. Here are some guidelines to assist you:

  • Turn to the real estate section of your Sunday newspaper. Monitor the market and tract home prices. Expect to spend 90 days watching the real estate market through advertisements. Question and investigate homes that are advertised month after month. Hard-to-sell properties could either be a warning sign or simply overpriced for the value.

  • When a real estate agent provides you with descriptions of homes currently on the market from the Multiple Listing Service (MLS), ask for a list of homes that were on the market within the last six months or year in the same neighborhood. Compare asking prices to actual sales prices for the same type homes.

  • In addition to monitoring housing prices, learn to identify hot, up-and-coming neighborhoods by tracking selling prices from week to week. If one neighborhood experiences price booms while other house prices are sluggish, its’ clear which community to invest in. If you’re passionate about an upscale area – and on a budget – prepare to buy a fixer-upper and invest some money in renovation. Conversely, beware of buying a beautiful home in a marginal area. You may not get your money back when you sell.

  • Keep close watch on the fluctuating mortgage interest rates. Low interest rates are the most inspiring reason to buy property. Watch the rate of United States Treasury Bills. According to Sonny Block, well-known talk show hose and real estate author. T-bills are a sure way of predicting the rise and fall of mortgage rates.

  • Also watch the national Discount Rate, the rate at which banks can borrow money from the government. When the Discount Rate drops, banks pay less for borrowing the money and in turn reduce mortgage rates to the borrower.

Predicting when a market is ripe for home buying is not an exact science – even for real estate experts. However, by following these simple tips – and staying on top of real estate trends, sales patterns and interest fluctuations, you are sure to get the best house for your buck.

About The Author

W. Troy Swezey is the author of “TIMING IS EVERYTHING WHEN IT COMES TO BUYING HOMES." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, “REAL ESTATE SECRETS EXPOSED.” http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net

COMMENTS
RELATED ARTICLES
Finding your Dream Home
House Plans
Starts Exceed 2 Million for Fourth Month in a Row
House Plans
Timing is Everything When It Comes To Buying Homes
House Plans
SELLING YOUR HOME IN THE WINTER
Business
HOW TO DETERMINE THE PRICE OF YOUR HOME
Business
How To Spot a Good Buy
House Plans
Lock in your lumber prices
Business
The Future of Home Building is Looking Bright
Business
Lumber Prices are Declining
Business
Great Mortgage Rates during election years
Business

Search House Plans

Bedrooms
 1  2  3  4  5+
Bathrooms
 1  1½  2  2½  3  3½  4+
Stories Garage Bays
 1  1½  2  1  2  3+
Square Feet
to
View Results
Enter Plan #:
HOUSE PLANS 101
FAQ
Glossary of Terms
Understanding Blueprints
Understanding Copyright
What's included in a set of house plans?
Why pre-drawn house plans?
MOST POPULAR ARTICLES
Building a home plan with an indoor basketball court
House Plans
Plans with Indoor Basketball Courts
House Plans
1. Building on slab vs. crawl space vs. basement? Advantages / disadvantage
House Plans
Garage Plans with Shops, Mother In-Law Suites, Apartments and Bonus Square Footage
House Plans
Luxurious Mountain Craftsman House Plans
House Plans
Beachfront, Coastal and Key West Home Plans
House Plans
European and Luxury House Plans, Large and Small!
House Plans
The Finest Duplex, Town House, and Multi Unit Home Plans
House Plans
The In-Law Suite Revolution
House Plans
Florida and California House Plans With a Tuscan Style
House Plans
ARTICLES BY TOPIC
A Frame House Plans A Home Builders Opinion Air Conditioning Tips architectural styles Architecture Arts and Crafts House Plans beachfront house plans Beachfront Houseplans blueprints building log building lots building mistakes bungalow Bungalow House Plans Buy House Plans Cape Cod House Plans celebrity home designs Charity Christmas Coastal House Plans Color Photos Color Schemes Considerations for Building Foundations in a New House Plan Contemporary Style
RECENT ARTICLES
Create a Living Space That’s Fun, Cozy, and Safe for Your New Baby
House Plans
In With the Old as Vintage Home Features Make a Comeback
House Plans
The Metamorphosis of Green Lighting
Green Building
The Good, the Bad, and the Ugly in Living within an HOA (Homeowners Association)
House Plans
Choosing the Latest in Hardwood Floors for Your Home Plan
House Plans 101
Putting the Finishing Touches on Your Dream Home
House Plans
Florida-Style Homes Blend Elegance, Contemporary Chic and Casual Comfort in their Design
House Plans
Dos and Don’ts for a Green Roof Garden
House Plans 101
Green Goes Mainstream: Homes with “Cleaner Footprints” Take the Spotlight
House Plans
Why Not Consider a Home Fitness Center in Your New House Plan?
House Plans 101
© 2015 The Plan Collection, LLC