Looking Property? - Don't buy now UNLESS!

It is a fact that many homeowners should hold on to their property for the moment. Others should hold off on buying. The question is how do you know when you should buy? With all of the media attention real estate and mortgage has been getting, some people may think it is even crazy to buy in this market.

Patrick Tenore and Laura Holder have a standard of telling their clients the truth. Why? “Because we have clients for life”, Tenore says. The answer is not to buy now UNLESS you can do any of these 5 things:

1. Get “2008 Prices” Today Some buyers may be waiting for prices to come down, but what if you could get next year's prices today? Some sellers are still over-pricing their homes, but there are also plenty of motivated sellers. The challenge is finding them. Working with Patrick and Laura will allow you to buy a home at a price that is ahead of the market.
2. Benefit from the Holidays
   No matter what the market is doing, the holidays are always a great time to buy. People get busy and distracted with the holidays leaving sellers with fewer buyers. That means that those who do buy will have even more leverage with those that need to sell, and can often negotiate the best prices of the year.
3. Determine the benefits of buying vs. leasing If you are looking at a home purchase as a place to live, and not just a replacement for your 401K, then there are always benefits to home ownership. The question is when do the benefits of buying outweigh those of leasing? There is an answer. Calculations can be made based on your particular situation that will give you a very clear view on whether leasing or buying is the best choice for you. Patrick and Laura can walk you through these calculations that will help bring this answer to light, and then help you find your next home to buy or lease.
4. Capitalize on Confusion
   Fortunes are made in times of turmoil. Many investors and savvy home buyers are already reaping heavy discounts on property through foreclosures and short sales. Patrick Tenore Sr and Laura are skilled at helping clients on both sides of these transactions. Be the first to know about these opportunities. Call for a list of Orange County short sale and foreclosure properties today.
5. Lock in or Refinance to a low fixed rate mortgage 
Historically, falling interest rates drive home prices higher. The opposite can also be true. The great news is that we find ourselves at an interesting stage in the market - interest rates are still extremely low AND there are many opportunities to buy homes below market value. Now is a great time to take advantage of this rare occurrence and lock in a low fixed rate. Patrick and Laura can also help you arrange your financing needs for a purchase or refinance.

---- Patrick Tenore Sr --