Tuesday, January 3, 2012

Ignore the News: Why Right Now is a Good Time to Buy

Many people can't seem to shake all the speculation they heard in the 2011 news about the state of the economy and the ever looming threat of a recession. Unfortunately, it's fears such as these, which are often perpetuated and exacerbated by today's pervasive media, that can lead to people holding off on making major life decisions or financial commitments. Although it is always wise to proceed with caution in uncertain times, how long can a person actually put their life on hold? Is there really any benefit to all of this waiting?

Well, many of our purchasers at Cadence recognized that the current economic conditions were actually presenting them with opportunities, not barriers, and decided to make their move regardless of what they heard in the news. As they realized, buying a home in today's market isn't really as risky as one might think; in fact, there are actually many different and compelling reasons why now is the perfect time to buy. Here are some of the factors our residents took into consideration while making the decision to purchase at Cadence:

1) They were buying and selling in the same market. Forget what your house was once worth in 2006 - it's 2012 now and times have changed, but you'll still be able to get a great new house!

2) They were simply moving equity from a old home that no longer suited them into a beautiful new home that would enhance their lifestyle.

3) There would probably never be a time where the price difference between an old home and a new home would ever be lower.

4) With home prices as low as they are now, commissions are less, taxes are less, and costs for moving are also less.

5) Presently, with fewer people having confidence to move, there is less competition in the marketplace which means it's easier to negotiate what you want.

6) Once the market improves and there is an upward pressure on prices, new homes traditionally appreciate faster than used homes and the cost of moving will be higher.

In addition to all of these factors, the Cadence Make A Move program has been designed to alleviate the risks and uncertainty commonly associated with homebuying. Our innovative purchase plan not only gives you plenty of time to sell your present home, but allows you to lock in your price and choice of lot, and protects you against any price increases/decreases. There is no additional commitment until your current home is sold and 90% of the balance is not due until you move in. What could be simpler than that?

So, keeping all of this in mind, why not start the new year off right by taking advantage of these favourable market conditions and make your move to Cadence at the Lakes.

Life's good lived at your own rhythm!