A Lake in Barrington Illinois
I am sure you heard the news that the housing market hit a bump! A big bump and many buyers are not missing a beat and taking advantage of the home buying opportunities.
Many potential home buyers are skittish and that is providing an even better opportunity for those that are buying properties now. We are all learning that buying a home is one of the safest investments but it is not an ATM or short term investment. Many opportunities have been passed by including the $8000 tax credit by many potential home buyers waiting for something better or just procrastinating or¦.other reasons.
It is now cheaper to buy than rent in many cases. I am seeing investor deals everyday that the ROI is higher than I have seen in my career.
#5 Reason why it is prime time to buy a home now is¦
Banks have money to lend.
During the 2009 financial meltdown, it seemed like there was going to be no money to lend. Now if you have a job and can afford the payment, your credit is decent then you should qualify for a loan. Give me a call and I can connect you with a great lender to help you pre-qualify for a mortgage.
Ownership costs are dropping below rental costs
Looking back to 2009 the rental costs are above the average monthly mortgage principal and interest costs. In 22 years the gap has not been wider. Rental rates are declining but not at the same pace as home prices.
Mortgage rates are so low right now. It is almost free When mortgage interest rates creep up again, so will the monthly payments on the loans.
Don™t be thinking œwould have¦could have¦should have¦!
Call me today!
Posted By: Julie Anne – The Julie Anne Real Estate Team at Keller Williams Success Realty
CDPE Certified for Short Sales and REO
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