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Tuesday, November 3, 2009 @ 4:42:00 PM - Written by Ryan Vaught

November 3, 2009

Finally!  We've made it to the #1 home buyers mistake that can cost you:Waiting for the market to improve or not buying at all.

No one can can read the future and knows exactly where the market is going, so trying to time your home purchase with the bottom of the market is probably not the best idea. If you're financially (#1) ready and have compelling reasons for owning a home (i.e. it would save money in the long run because you are paying more for rent, you need more space with your growing family etc.) then it's probably a good time to buy. Just think: all the time you spend procrastinating on purchasing a home, you could be building equity, getting tax deductions and enjoying the many other benefits of home ownership!

Just remember-when you are signing a home loan for 30 years, for example, that means that you are saying you will be able to make the payments for the next 30 years.  So consider things such as; what would you do if you need to sell in the next 30 years and the price of your home has gone down from when you bought it (would you be able to rent it out, could you sell it at a loss, etc)?  Make sure you are making the right decision for you that is financially smart and responsible. 

Information obtained from: http://www.frontdoor.com/Buy/Top-10-Home-Buying-Mistakes-That-Can-Cost-You/55152/p1

Take a look at my market report for today!
http://www.ryanvaught.com/chicomarketreport

Currently Ryan has about 30+ listings in inventory, and has sold 25 homes in 2009. Please don't hesitate to contact me with any questions about Chico area real estate.

Interested in learning more about the Chico area or Ryan?
Vaught Properties: Chico Income Property
Chico Condos: Chico Condo Sales
Ryan Vaught: Ryan's Residential website
Chico Luxury Homes
Chico Investment Property

Ryan Vaught Real Estate
Keller Williams Chico CA
Office Phone: (530) 343-2959

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  This beautifully maintained & updated home is close to Bidwell Park, shopping, schools, and freeway access is close by. Move right in and enjoy the modern kitchen, with stain...

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  Residential 4 Bedroom 2 Bath Built in 1956   0.31 Acres  2134 Sq. Ft.
  This 3 bedroom, 1 bath home offers a second, un-permitted dwelling, that was used as a rental, with itâ€TMs own kitchenette, bath and several bedrooms. This home needs work, no...

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11 CREEKWOOD CT, Chico, CA $275,000
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1806 BROADWAY ST, Chico, CA $329,000
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1942 PRESERVATION OAK DRIVE, CHICO, CA $345,000
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  Open floor plan with vaulted ceilings, granite kitchen counter tops. Home backs up to beautiful blue oak preserve.

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1520 RIDGEBROOK WAY, CHICO, CA $355,000
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2601 CHANTEL WY, Chico, CA $379,000
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  Beautiful, well maintained PG&E comfort home with large master bedroom with walk-in closet & jacuzzi tub. Beautiful backyard landscaping with raised beds for your gardening d...

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1195 STANLEY AVE, Chico, CA $434,600
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