Why to Buy NOW in Silicon Valley!

Summer is the busiest time of year for real estate purchases and sales in Silicon Valley. If you are thinking about buying a new home but still haven’t dipped into the Santa Clara Real Estate market, I understand that it may stem from uncertain times in the industry right now. You don’t know if prices will continue to drop, and you don’t know if the market will ever improve.

Let’s take these concerns one at a time. First off, if you want to hold off on purchasing a home because you’re hoping that the prices will continue to fall, and you’ll score a better deal further down the road, I’m here as your Silicon Valley Real Estate agent to tell you the smart thing to do is buy now. As a buyer, you are living in a time with mortgage rates at an unprecedented low. Even if prices do continue to drop, you have to remember that you’re still scoring an amazing deal and purchasing a house for less than it’s worth!

Another reason to buy now rather than wait is because statistics show that renting is increasing in popularity. In order for homes to be available to renters, investors must purchase homes. Therefore, not only are average homebuyers snatching up great deals right now, but many investors are buying as well. It’s a buyer’s market, but that also means there are lots of buyers! By waiting, you might lose out on the home of your dreams.

The second concern you may have is that the real estate market will continue to worsen. I know, we keep hearing that the economy will improve, or already has, but it’s hard to find the proof. Still, looking at the situation logically, you purchase a home now that is within your financial means, and you live in it for numerous years. Because of the low mortgage rates, you might even get it paid off before you sell. Even if you don’t, as long as you keep up with your doable payments, your credit score will improve. It’s a win-win situation.

Even if the market hasn’t ended it’s downfall as of today, most homebuyers plan on living in their new homes for a many years to come. Chances are that by the time you’re ready to move, the market will have improved! Don’t give up the American dream because of an uncertain future. In the present moment, if you find a house that you love for a great price, let me help you in the buying process.

If you’d like more information on these topics, check out this video from CNNMoney.com, which discusses these issues in-depth with real estate experts. As always, I am your Santa Clara County Real Estate agent, here to make sure that local buyers find the best deals around in the Silicon Valley Real Estate market. I’m also here to make sure you find the home of your dreams, and the home you’ll want to spend many years of your life in, creating unforgettable moments and lasting memories.

Shannon Rose
Silicon Valley Real Estate Expert
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