For most people, deciding to purchase a home is the largest financial decision of their lifetime.  Rather than sitting on the fence, why not own it?  Rates are near historic lows and with home prices more affordable, right now is the perfect time to speak with a professional real estate agent and seize the opportunity to achieve the American dream of homeownership.

According to a recent survey from the National Association of Realtors, nearly eight out of 10 respondents believe buying a home today is a good financial decision.  Based on this, the professionals at Coldwell Banker Jackson Reatly have provided the following five reasons why now is an optimal time to get off the fence and consider owning the fence instead (and the home within it)!

1. Homes are More Affordable - Home prices remain more affordable than ever before in markets across the country.  According to the Freddie Mac House Price index, current houseing prices are down 27 percent on average across the nation from peak values five years ago.

2. Rate are Low - Mortgage interest rates remain near historical lows, which can mean lower monthly payments and/or shorter lending terms.

3. Homeownership is Still the American Dream - Lifestyle changes such as marriage, having children and starting a new job are some of the most common reasons that people decide to purchase a new home.  But the American Dream of homeownership is much more than just a piece of property, it's a home.  According to a recent Coldwell Banker survey of more than 300 consumers who purchased their home in the last year, 67 percent said the market afforded them the opportunity to buy a home sooner that expected and half said they found a home in a more desirable neighborhood than expected.

4.  Financing is Available - Thought many people decide they want to purchase a new home based on lifestyle factors, the financial aspect of purchasing a home needs to be top-of-mind.  A potential homebuyer should conduct the necessary research to prepare for the home buying proces.

5. Timing is Everything - "Timing is Everything" a saying used to describe just about anything, is incredibly true when it comes to home buying.  When preparing to purchase a home, take the time to research other factors that could affect the home buying process.  For example, according to new loan limits published by FHFA and HUD, conforming loan limits will be reduced on  October 1, 2011, which wil decrease the availbility and affordability of mortgage credit for many home buyers in 42 states.