Carollo's Blog on Real Estate- Featuring Queens and Nassau County Real Estate Information

3 Bad Reasons to Buy a Home

According to the controversial article 3 Bad Reasons to Buy a Home on MSN.com discusses the reasons why homeownership may not be for everyone afterall.  It turns out that not everyone will benefit from homeownership, as of the common misconceptions: "It's a good investment," "I'm tired of throwing away money on renting," and "I need the tax deduction." 

The recent real estate boom encouraged many buyers to purchase homes out of fear and recently, it has caused buyers to fallout of the market from fear as well.  Buyers are defaulting on their mortgages because they cannot make the payments.  Forclosures are spiking as well as sales and prices are stalling, at the same time as lenders have become more strict with lending practices. 

Read the entire article 3 Bad Reasons to Buy a Home on MSN.com to decide whether or not you should be a homeowner

What Will It Take to Sell Your Home Today?

Well its no longer Location according to an interesting Video Report on MSN.  Its Price that matters and homeowners are quickly realizing that if the house is not priced right it's not going to sell.