Do I buy now...do I wait?????

Visit patohomes.com to get information on Real Estate Homes for Sale in Irving. All MLS listings are available no matter what Real Estate Companies or real estate offices have it listed. This is a great time to be a home buyer in Irving no matter if you are looking for foreclosed homes for sale, land for sale or luxury homes for sale. Mortgage rates are low and there are many real estate bargains to be found. PatOHomes.com is your gateway to developing the type of relationship you need with a real estate agent or Realtor in Coppell, Texas. For free tips on moving and a free moving checklist go to www.movearoo.com. Need help or confused with the new mortgage rates and the new tax credit for first time home buyers??? Go to www.richhebert.com. Rich Hebert with Lending Edge Mortgage canhelp!!!

There have been a mountain of articles written lately debating should you be buying real estate right now. The realtors are all saying yes it is and those others are saying no there is further to fall. What to do, what dio I do??? No one knows what will happen in the future. No one knows if the market has hit bottom. By the time you figure out where to bottom it is to late. It's already on the way up!!!  What you need to figure out is ...is this a better time to be buying than it was in 2006. Starting in 2004 there were some pretty obvious signs that real estate was incoming trouble.

    * Prices jumping 25-30% or more in a year (Not Sustainable Growth)
    * Rents not keeping up with home prices (Negative Cash Flow for investors)
    * The home price to income ratio was out of line (Buyers could never afford the payments)

How do you know if now is a good time to buy?

   1. Can you buy for less than your rent? If you are currently renting for $1300/mo and you can buy the house down the street and have mortgage payments of $1000/mo then you should be thinking about buying.
   2. How stable is the area you are looking in to buy. If the area is stable and you can buy at a good price then do it!!
   3. Are you going to keep the house for at least 3 to 5 years? Again I am not psychic but looking at where prices are right now and past real estate collapses, buying now is a waiting game. There are still more waves of ARM resets to pass through the system that will hold appreciation levels low. If you are ready to buy and hold you will make money.

If you can answer yes to all three questions then yes now is a good time to be buying. It really is that simple.

PatOHomes.com helps shorten your search for the best real estate agent or realtor in Irving, Texas by providing you with a relationship based on trust and experience. Now is the time to buy Real Estate in Irving and the Dallas Fort Worth Area. Despite what you hear from the media Texas and DFW in general is going strong. According to the Irving Chamber of Commerce Irving homes have appreciated 1.92 percent. If it is doing this in a supposedly down market..what will happen when the market comes back (and it will).Go to www.patohomes.com.. Pat O'Reilly, recent winner of the 2008 Customer Service Award for REMAX DFW Associates. Go to patohomes to find Your Realtor!