Open a newspaper or search online news on any given day and you can easily find contradictory articles telling you why now is the best time to buy...or conversely, why now is not the right time to buy. What we know from working with our clients is that there is no ‘one-size-fits-all’ right or wrong time to buy. Financial lifestyle and retirement goals need to be given priority consideration in any assessment of when to buy, refinance, sell or “move up.”

For example, interest rates that have been at their lowest in more than 50 years have recently begun to rise, and are expected to continue to rise through 2011. This means that as rates go up, the loan amount you will be able to qualify for will most likely go down. Additionally, last month the California Real Estate Association released their 2011 yearly outlook and indicated that home sales and the median price paid for a home should improve slightly next year, even as the economy continues to struggle. So with both interest rates and housing prices at their lowest levels in years (but expected to rise in the coming year, slowly albeit), this may be a very good time to consider buying, refinancing, selling or “moving up.”

Keep in mind that as you consider making any type of change, you’ll want to make a thorough assessment of all of your financial obligations and ambitions – and both the short-, and long-term impacts your decision will have on your retirement goals. Every important financial decision you make has a lasting impact on your retirement. Knowing how different scenarios will play out can equip you with the information you need to make a wise decision.

If you’re considering buying, refinancing or selling at this time, give me a call and I will begin a thorough assessment of your financial situation so that you’ll be completely prepared to make the decision that is right for you.

Andy Block - Mortgage Advisor & Financial Advisor
Opes Advisors
Email Me 
Direct: 650.931.0605
Fax: 650.931.0601

License #01096311
400 S. El Camino Real
Suite 250
San Mateo, CA 94402
Fax 650.931.0601

Opes Advisors is licensed as a registered investment advisor with the Securities and Exchange Commission (SEC) and is licensed as a Residential Mortgage Lender by the CA Dept of Real Estate.

Author and Business are endorsed by Samia Realty Group
Move2CA - our website
San Francisco Bay Area Home Search  - find San Francisco Bay Area properties for sale
What’s Your San Mateo - San Francisco Bay Area Home Worth? - get current market information for your San Francisco Bay Area home