I am hearing that interest rates are falling to the neighborhood of 4.5% for a 30 fixed rate. What????
If you have been waiting for a better time to buy, hello it's here!
Inventory is up.... so many people selling house and not enough buyers willing to take the plunge means that you will have a lot to choose from.
Seller's have become realistic in pricing their properties and they are somewhat more flexible than they were in the past.... that does not mean they are giving things away but most of them will listen to offers with an open ear.
And Interest rates like these.... it is unbelievable.
So if you have been waiting to jump into the home ownership pool well.... Come on in. I am waiting here to help you so give me a call today.
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Paddy Pizappi, Associate Broker for Buyer Representation
RJ Smith Realty - A Real Estate Solutions Company
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from Pine Bush, NY at the corner of Orange, Ulster, and Sullivan Counties
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Paddy, you're absolutely right. I wish there were more people with good incomes and jobs that were ready to buy.
I think that a lot of them should look now. They have to live somewhere right Gabe? If people would consider some of the smaller houses available they will be paying no more than they would have to in rent. It is all in how they look at it.
It's a great time to buy! With the housing market starting to stablize here in Northern Virginia, we're even seeing home sales prices increase some. With interest rates so low - why wait? We're evening starting to see the job market and the economy stablizing.
It seems that just a few months ago the "experts" were predicting interest rates to go to 8% + . .
Very upbeat post!!! I agree it's a great time to buy - buyers are able to take advantage of the declining market and lock in on VERY low interest rate with their mortgage.
Ageed! It's a great time to buy. We need to get the message out.
Paddy - with today's interest rates, it is a better deal, depending upon the price of the home, than the tax credit.
it's a total gift to the home buyer right now. My first house was at 8.25%. then they went up to like 17 or 18% and I decided that anytime I could get a loan at 8% or under, it was a steal. NOW look at it.
Paddy:
It is amazing what rates have and are still doing. The "on the fencers" need to jump off and into their new home.
Have a blessed weekend.
Lisa aka @allstarmom3
Paddy ~ I think some folks are going to miss a great opportunity. They will probably save more with the low interest rates than with the tax credit. we will see what happens in the next few months.