Let's Talk About It

I have been trying to tell anyone that will listen that it is still a good time to buy a home.

Yes, it may take a little more "out of pocket" money and better credit than a few years ago, but interest rates are way down (currently in the 5.5% range for a 30 year fixed mortgage), the inventory of homes available is still up and, for the time being, sellers are pricing their homes realistically.

Here is a video that tells you why this is a great time to buy and the good times may be ending soon...take advantage of a great housing market.

Here is another article that I will let speak for itself to, once again, not sound like a pushy salesperson. If the link expires, eamil me and I will email you the article.

2009 Home Sales

Rather than tell you what interest rates are and risk sounding like a salesperson, please read this for yourself.

Mortgage interest rates are at a 37 year low.

Other real estate agents will get a laugh out of this, but any buyer or seller will also appreciate this. As a Realtor, you have to love your job. Merry Christmas everybody.

Have a Merry Realtor Christmas

There is currently a large supply of homes for sale today, many of which are foreclosed properties.

There are many buyers sitting on the fence that want to buy a home but are unwilling to take the plunge given the current state of our economy.

Let's address both issues. First, the seller's of these foreclosed homes (banks), need to be more receptive and responsive to offers they receive on these homes. Many of these banks will respond to an offer "when they get to it". Mr. Bank, you have a ready, willing and hopefully, an able buyer that will take that liability off your hands; respond to them like they are your only customer. Second, why not give a buyer that will be an owner / occupant of a foreclosed home a one time tax credit that does not need to be paid back of $10,000.00. Most of these homes need work; they have sat empty for a year or more. This tax credit is money they would use to bring these homes back to a liveable condition.

We could go a step farther and give these buyers a moratorium on property taxes for a period of time, maybe up to 3 years.