WHY BUY NOW IN THE D.C. AREA? (D.C., Charles, Calvert, St. Mary's ,Prince George's, Montgomery and NO. VA.)

There is much uncertainty in the real estate market place today. Prices are down and inventory is up. Are things going to go down further? Should I wait until things bottom out? These are all valid questions and the uncertainty is pounded into our minds continually by the media.

Why should you buy now? Here are my top 10 reasons:

1. You need a place to live. Rents are escalating and landlords are getting greedy. Most will only accept a one year lease and are raising rents as soon as the lease period expires. Rent is not a tax deduction and your mortgage payment is deductable.

2. Your family's comfort and lifestyle is worth the investment even if you do not make $100,000 on your home in the first year.

3. If prices decline  interest rates will increase to answer economic recession worrries.

4. You are investing in the Washington D.C. area. With the federal government as the economic base for the area you cannot go wrong. The jobs are here, the military bases are here and the need for housing will always be here. This area cannot be adversely affected by the closing of a plant or the relocation of a large company. The federal government is not going anywhere. If it collapses who cares what your home is worth?

5. The selection is better than I have ever seen it in 27 years in the business. If you cannot find your dream home in this area right now you will never be able to find it.

6. Warren Buffet said that he makes his money by buying in the bottom 20% of the market and selling in the top 20% of the market. He does not wait until things hit bottom. The only way to tell if the bottom has been hit is for prices to escalate. I believe that we are definately in the bottom 20% of values in our area.

7. If you have an exeptional buyers agent, that person has the time to really work for you to get the best buy out there. The homes that are in the top 20% of value sell in any market.  Even in this market, our clients are buying below present market value.

8. You have a chance to make money on the place you live in. Again, everyone has to live somewhere and when you rent you are giving your landlord the chance to make money (and enjoy the tax breaks).

9. Owning your home makes you a better citizen. People who own their homes are more involved in their neighborhoods, civic organizations and charities. They keep up their yards and maintain their property. Take this self-help tip buy a house.

10. Lastly, buying a home is patriotic. Yes, when you purchase a home you are helping the economy. How much more can you "buy American" than to buy a piece of our country for you and your family. It is your priviledge and right to own your home and be a true American. It is the dream of every immigrant that arrives in this country to have a place that belongs to them. A place where no landlord can evict them or dictate terms and conditions to them.

Now is the time to buy. Don't miss this window of opportunity.

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