Good news in real estate! Is that possible???
I just read a great article posted on the website of a Realtor whom I am doing a referral to and wanted to share some of the info in the article. Are you aware that now, 2010, maybe the best time in history to purchase a home? Home prices and interest rates are both down. It is a buyers market and buyers have the opportunity to “snatch up” some real deals. Interest rates are at an all time low. I am beginning a refinance on my personal home and my interest rate will drop over 1% but the big thing is my payment will drop over $100 per month! In this time of economic uncertainty, that is a very big deal. As a buyer you have the possibility to purchase a larger, newer, pricier home for possibly the same payment as your current home. In my opinion, in 17 years of working in this office, real estate is still the best investment you can make….just make good choices!
What is the moral of this story? If you are thinking about buying a home, look past the negativity and see that now is literally the time to buy.