Home prices are low, with historically cheap mortgages and the extension of the homebuyer tax credit, now open to even more buyers. With signs of potential turnaround, you may be wondering if now is the best time to buy before prices rise.

Money Magazine writes about questions you should be asking yourself to decide whether or not buying now is the right time for you.

Will you still be able to make the tax credit? If you haven't started looking, it may not be possible. How much could you stand to lose by waiting? If you're in an area where prices continue to decline, maybe you can wait--but some people in some areas may see a jump in mortgage rates. Can you sell your current home quickly? Selling now can be tricky and pricing aggressively is paramount to selling quickly.

Read more on CNNMoney.com.

Posted in Education And Training, MBI Headlines, Buyer Resources

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