Fall is full of good things...

Fall is full of good things...
Tigers beat the Yanks, Lions winning some games...

Friday, February 22, 2008

No better time to buy a home than right now.

I don't have to really tell anyone that prices are the best we've had in a decades around here. With the Fed continually slashing the prime rate, mortgage rates are holding steadily low as well.

If you are a first time buyer (or know someone that should be)... call me today, There are literally thousands of well priced starter homes... we'll find you one.

If you are contemplating an upward move... call me today. The market is perfect for you. Yes you'll probably suffer a little on the selling price of your current home, but keep in mind that on the home you purchase (assuming you're upgrading), you'll get to take advantage of the seller on the higher end home...

Here's how it looks on paper. If your home used to be worth $ 200,000, but now you bite the bullet and are lucky to get $ 160,000 for it (20% decrease in estimated value), you lose $ 40,000.

If you buy a home that used to be $ 400,000, that is now worth $ 320,000 (the same 20% decrease in estimated value)... you are able to purchase $ 80,000 more home for your money.

So bite the bullet on the perceived $ 40,000 loss, to gain $ 80,000... you are $ 40,000 ahead of the game.

Keep in mind that if you wait for prices to come back up... not only will your home increase in value... but so will your dream home.

Now is the time... call me for more details, and let's get horse trading :0)

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