Is It Time to Buy a Home?

to own or to rent that is the question
hi I’m Rebecca Brayton and welcome to
watchmojo.com and today we’ll be
speaking with Sandra D’Amato host of
HGTV’s Property Virgins to get the
answer a few years ago everyone was
provided with the opportunity to buy a
house and that is generally seen as the
reason for the housing crisis do you
agree with this actually it’s a great
time to buy houses now and and everybody
has the opportunity now I think it’s
kind of the flip side because before
houses were not affordable for a lot of
people so now with the softening of the
market and the pendulum swinging from a
seller’s market to a buyers market we
see more opportunities for buyers
mortgages are readily available interest
rates are very very low that’s wonderful
for buyers because then your monthly
expenses are going to be last maybe you
can afford a bigger house and you could
have afforded when interest rates were
higher also there’s inventory available
so fires actually have choice now
instead of feeling like oh I have to get
this house oh my gosh if I don’t get
this house then what am I going to do
and it’s going and bidding war and
multiple offers and I don’t have time
for a home inspection so it’s a much
better climate for buyers essentially on
a case by case situation you can
negotiate some great prices right now so
as long as you have a motivated seller
and you’re a motivated buyer there could
be a great deal who should own and who
should rent a home well a lot of people
are relocating to different cities or
different countries so I would recommend
that they rent to find out what sort of
vibe the city has and where they want to
be and what their needs are in this new
city and what great school districts or
what great dog parks whatever their
needs are so rent rent for six months or
a year if you can and figure it out by
then and then purchase that’s a great
time to do it or if you’re blending
families’ you want to try it out maybe
rent but don’t rent really long term
because I think you have a good
opportunity to invest in real estate and
build some equity that way