Remember the first time home buyer tax savings? It went away April 30, 2010.....and has not come back!
These photos of the Will Rogers Complex show just how fast things can change!
the rain has been pouring since early morning.
Keller Williams has a large research department that stays up to date on the latest real estate economic trends.
|Will Rogers Complex Sept. 25 morning|
These are points to consider
At a Glance:
Why NOW is the Prime Time to Buy!
|Near Schools, Near Shopping....priced less than 2 years ago!|
median mortgage payment on the median priced
home as a percentage of the median household
income is lower than it’s been in a generation.
Mortgage rates are at rock bottom. It’s hard to
imagine interest rates going much lower, and
when they start to inch back upwards, monthly
payments and total loan costs will spike upwards.
Home prices are back on the rise. After declining
for 30 months, home prices are trending back
|This home is priced below its tax value!|
Seller is willing to negotiate!
Sellers are motivated. This means that buyers
have the upper hand! From banks looking to
dispose of foreclosed properties to homeowners
who are fiercely competing among an excess of
housing inventory, buyers have untold choices and
Financing is readily available! Banks are back
in the game and ready to lend to well-qualified
Owning vs. renting is increasingly favorable.
Since 2009, the average principal and interest
payment has fallen below the average rental rates,
and the gap is now wider than it’s been in the past
Home ownership is still at the core of the
American Dream! Owning a home is critical
to financial stability and wealth building. It’s
a forced savings account, a place to live and a
fabulous tax deduction.
For First time buyers...........if you have a stable job and are still renting. Take a step toward investigating the costs and the benefits of home ownership. If you have owned before and want to move to a larger home, we may be able to get you that move..........Talk about it with a REALTOR.
If you are in trouble with your mortgage, or being forced to consider leaving your home........DON'T DO THIS until you call me and we discuss your problem. There is a lot of help that I can offer.