Image by RambergMediaImages via Flickr What next??? The interest rates are going to go up starting in March. What else is going to happen to our real estate market? The buyers? The sellers? We can never really predict what the market will do to our buying power. We can only plan the best we can ... [Read More]
Image by RambergMediaImages via Flickr
What next??? The interest rates are going to go up starting in March. What else is going to happen to our real estate market? The buyers? The sellers?
We can never really predict what the market will do to our buying power. We can only plan the best we can and jump through the hurdles put in front of us.
I cannot express how important it is to line up all your “ducks” and ready them for when that right house comes, you are then in position to GO FOR IT.
With all the new legislations, rules and guidelines, buyers have to be better prepared before entering into this major purchase. Buyers don’t have the time and money to waste. TIME IS MONEY…in every meaning of the phrase.
Follow the ABC’s of buying and selling real estate and listen to your agent.
Excellent interest rates for new mortgages that will make payments lower. With the lower interest rates you will need to make less to qualify. Rates have not been like this for 40 years and may not be again! The marketplace is experiencing lower prices, which translates to more selection and opportunity for buyers. Sellers are ... [Read More]
Excellent interest rates for new mortgages that will make payments lower. With the lower interest rates you will need to make less to qualify. Rates have not been like this for 40 years and may not be again!
The marketplace is experiencing lower prices, which translates to more selection and opportunity for buyers.
Sellers are more willing to negotiate on their home– not just on price but on other things. Buyers who are still in the market are probably very serious and definitely worth working with.
People were still buying homes in the early 80’s when interest rates were18% for FHA and 7 points. Buying a home, even at high interest rates was still a better alternative than renting. If a person has a job and mediocre credit, buying a home is a definite recommendation. The mediocre rate is probably 8%, great time for mediocre credit.
People moving up from start homes to average or mid-price homes are also likely to continue to buy even in slow times. The reason is that they have equity in their current home and with the low rates available, can
afford a much larger home at close to the same payment they are currently making. The buyer can also pull equity or buy investment property.
Thats why you should buy your house now!
