It sounds tempting but now may not be the best time for you to go out and buy a new home. All you hear from many people is “its a buyers market” when you hear people talk about the real estate industry here in the United States. Of course with the tax credits and all of this talk you might be thinking it is the right time to start renting and look at your options as far as home ownership.

With real estate prices sliding, a young renter could be tempted by this but no one is mention to you the Levitra amount of risk that comes along with owning a home. No one know whats is going to happen in the real estate markets Kamagra Soft and there still is the risk that you could buy a home today and in six months owe more on it that what it is worth.

One of the biggest reasons this may not be a good time for you to purchase a new home is because of the financial crunch. Lenders have tightened guidelines and are requiring larger down payments from buyers. A few years ago financing the full purchase price was common and even loans requiring as little as 5% down were very common. Now with the problems in the financial market you may have to put down 10% or more. If you are self employees it may even be more difficult to find a loan. The credit institutions are looking are looking at every single part of your credit history for mistakes or problems.

So these days not only is it difficult to get a loan, but with closing costs and down payment you can have to come up with a huge amount up front.

Normally with an apartment rental you only have to come up with anywhere from a few hundred dollars to a couple of months rent.

If you can afford the down payment and upfront fees should you still go ahead and buy? The answer again is probably not. Currently prices have fallen over the last year and there are signs of the market continuing to decline in many areas across the country. Would you buy into the stock market knowing that it would more than likely go down over the next year?

The biggest thing is you don’t want to be up-side down on your first home purchase.

Many people also forget that renting is actually cheaper than buying. Normally with renting you are not responsible for many of the common maintenance problems. Fixing a HVAC could be a huge expense and could cost thousands of dollars. The electric bill in an apartment will be cheaper than the electric bill for most single family homes. In most apartment complexes you have access to a lot of facilities including a swimming pool, fitness center, pools, theaters and more.

Also when you buy a home you are locked in to a 30 year mortgage. With the current economy and the way business works in the United States you never know when you might have to move to be able cialis soft tabs vs cialis to excel in your career or when you job might relocate.

The reasons for many younger people to purchase are endless.

Author Bio: Jason Morris is a rental manager for more information visit other sites at