Real Estate News for You! 10 Reasons why it's good to buy a home....
1. You can get a good deal. 2. Mortgages are cheap! 3. You'll save on taxes. 4. It will be yours! 5. You'll get a better home. 6. It offers some inflation protection 7. It's risk capital 8. It's forced savings 9.There is a lot to choose from. 10. Sooner or later the market will clear.
If you are struggling with the info from the news media and your desire to buy some real estate, ask me for some expert advice. This is the time to take full advantage of home prices and the short sale and foreclosure market as well as Sellers' need to relocate, scale down, or grab their equity and run!!! Banks who lend are running a tight ship now because of the history of the practices of the mortgage debacle, however, with a healthy FICO score (720+), an employment history, at least 5% down payment in savings, you can persuade your bank to lend those $$$. And in a few years, your equity has increased, the value of your home will increase, and your tax deduction will continue.
10% down and FHA loans are thriving now, so hurry and get on the train that leads to your financial goals.
If you need a mortgage, now is the time to take advantage of these lower rates with the 30-year fixed rate in the mid 5s!
Ask me for referrals to some tried and true mortgage lenders or my recommendations for banks. Your tax shelter for this year will be gratifying!
For a through explanation of the 10 reasons...email me and I'll send you this Wall Street Journal article.
Now is the best time to go house hunting because the inventory is healthy, multiple offers situations are less frequent, and interest rates are robust. It is a Buyers' Market with great "deals". With 20% down, good credit, and conforming property, Banks are anxious to provide mortgages. With 10% down, ask the Seller to carry back 10% which allows a Buyer with less down to purchase a property! We think that Real Estate is still the best investment for all of us. Call me for more information and suggestions for your portfolio. Years of experience allow me to give you expert advice.
Did You Know? "APR" is not the same as interest rate. Although they sound similar, an Annual Percentage Rate (APR) reflects the yearly cost of a mortgage and takes into account other loan costs such as discount points and origination fees. Also, it gives you a more comprehansive look at total mortgage costs. You need to consider comparing loan APRs.....also considering how long you will stay in the home and potential tax deductions for these fees and interest.
Condominium Ownership Offers a Great Number of Advantages!
1. A condo is more affordable than renting or buying a single family home.
2. Consider the freedom from the daily tasks of property ownership.
3. Expenses for common areas and equipment are shared.
I am a member of the Community Association Institute so that I am a well informed authority on condo law, rulings, and regulations.
Buyers! Action is of utmost importance in today's market. Waiting for a propety to reduce an asking price? Hoping to get "a deal"?
What to do? Make an offer! Prices have stablized and inventory has gradually increased. Buyers should not be afraid to make offers at prices they are comfortable with....
Over the long run, real estate has proven to be a sound financial investment. And in its purest sense real estate is not a commodity to be traded on a yearly basis. Instead it is a place to call home that also happens to appreciate over time. For any of your real estate questions or comments, please call me. After 22 years in this business, I will give you the straigtforward and expert information.
Thank you for reading!
Call or email for additional information regarding these properties or selling your property. I am an expert on exhanges, investments, probates, bank owned, commercial, multi-family units, and land. 388 South Lake Avenue, Pasadena, CA 91101 Call: 626 8275151
