by Erin LaBuda

I was talking with some clients last week who weren't sure if now was a good time to buy and I told them that it was their money and it would be their home and I was here to help but ultimately the decision to purchase will and should be theirs.

After being able to sit back and think about how I would answer that same question a few less hectic days later, I have come to the conclusion that I would answer the same way but would add a few things...

First, interest rates are still hovering around 5% for people with good credit.  That means that for about $5 a month you can borrow $1000.  That is pretty unbelieveable. The rates won't stay here forever so keep in mind that your purchasing power will change as time ticks and rates fluctuate.

Second, there are some GREAT oppotunities out there.  I know when you look at some of the properties on line you may not see the value BUT sometimes you need to get out there and look.  And ask the right questions. And have an agent who will take the time to ask the right questions.  Because there are some amazing "buys" out there for the taking.

Third, in 2009, Forbes ranked Columbus, OH as the 9th most affordable city to live in.  The housing market has not changed much since then so what that means is that the $5 you pay per $1000 borrowed can get you a huge amount of square footage for not a huge payment.

So, if I had it to do over again, my answer would be that it is your money and it will be your house so it has to be your decision on whether or not now is the right time for you or your family to buy a house...BUT assuming you qualify, interest rates are low and won't be forever, right now Columbus is one of the most affordable cities in the country and it probably won't stay that way AND there are some fantastic housing "deals" that won't last.  So, now is a good time to buy...as long as you are ready to take advantage of it!