Beaverton Oregon First Time Buyer Specialist Todd Clark says “DON’T WAIT”

By
Real Estate Broker/Owner with Respect Realty LLC 200311024

Buying your first home in Beaverton, Oregon, is a tough decision. I get asked, all the time, by first time home buyers, “Should we buy now or wait?” I say, “DON’T WAIT!” The reason I say this to these people is because right now you have interest rates that are at an all time low. You have many homes that are priced 25% less than they were just a year ago, and last but not least, the government wants to pay you $8,000 to buy your first home.

Let’s breakdown these three reasons:

1. Right now we have interest rates hovering around 5.5%. If you look at homes from 1970-1990 you had an average interest rate of around 10%. At some points, in the late seventies and early eighties, those interest rates hit the 20% mark!

With all the talk of inflation happening in the news that interest rate could rise at anytime and may, one day, go back into the teens and we may never get back to the rates that we are seeing today. Combine this with down payment requirements, on most loans, that are as low as 3.5%, and you can find quite the deal. There are also still 100% loans out there if you, or the home, qualify for them.

2. A year ago homes were, on average, 25% more expensive than they are today. That is like me selling you a one hundred dollar bill for $75! You wouldn’t hesitate on buying that, would you?

3. Now, the government is offering you an $8,000 tax credit for buying that first home. You just can’t go wrong with the government telling you to stop paying rent and actually paying you to do it!

So, if you are in the market for your first home, call me. I would love to sit down with you and go over the process of buying a home, from Earnest Money to Inspection to Closing.




Todd Clark - Broker / Sales Coach
Palazzo Realty Group
Phone: (503)524-9494
Fax: (503)622-8739



©2009 Todd Clark - Beaverton Oregon First Time Buyer Specialist Todd Clark says “DON’T WAIT”

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Rainmaker
1,121,568
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Todd - This is the message we need to deliver. Keep beating the drum. I have similar posts and you are so right. Housing is ripe for the picking, especially for first time buyers.

Apr 09, 2009 05:27 AM #1
Rainmaker
814,583
Fran Gaspari
Patriot Land Transfer, Inc. - Limerick, PA
"The Title Man" - Title Insurance - PA & NJ

TC,

I've witnessed many cycles in the real estate business over the years...but NOW has always seemed like the time was right to buy...!!! Even when Interest rates were at 18% NOW was always the time to buy...!!! Am I making myself clear...??? :) Thanks,   Fran

Apr 09, 2009 06:05 AM #2
Rainmaker
209,951
Marzena Melby
Coldwell Banker Burnet Realty - Richfield, MN
Realtor, Twin Cities Minnesota Real Estate

Todd,

As long as it is a good time to buy for the particular buyer (employment history, downpayment, credit , etc), NOW (whenever that might be) is a good time to buy  :)

Apr 09, 2009 06:33 AM #3
Rainmaker
1,849,338
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Todd

This has got to be the best time I ever saw to buy a home;rates,prices, and the selection.

Tom

Apr 09, 2009 07:26 AM #4
Ambassador
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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Todd, very solid reasons for a buyer to move forward. I hope they are out there listening and reading what you are saying. Should get your phone to start ringing.

Apr 09, 2009 09:25 AM #5
Ambassador
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Todd, I love this concept, there won't be a first time buyer left in Beaverton!

Apr 09, 2009 12:19 PM #6
Rainmaker
575,448
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

I would never have believed buyers could get this low interest rate and prices. With activity increasing this interest rate and pricing will not last.

Apr 09, 2009 03:02 PM #7
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Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

Claude - I have both drum sticks out and I am telling as many people as possible.

Fran - Are you trying to say that NOW is the time to buy.

Apr 09, 2009 10:56 PM #8
Ambassador
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Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

Marzena - I think historically this is the perfect storm if you have the ability to buy!

Tom - Exactly!

Apr 09, 2009 10:58 PM #9
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Gary - We will see today!

Paul - That is my goal, then I can sell all those vacant apartment buildings. (LOL)

Apr 09, 2009 11:00 PM #10
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Terry - I agree, we are already seeing the warning signs of inflation.

Apr 09, 2009 11:01 PM #11
Rainmaker
334,518
Jeff R. Geoghan
Coldwell Banker Residential Brokerage - Lancaster, PA
REALTOR, Marketing Manager

I hate that I feel like I'm parroting some NAR sales pitch when I tell people this, but it's actually true this time.  OK, I still feel weird about it. 

Apr 10, 2009 04:17 PM #12
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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Todd,

You've given buyers 3 important reasons for to realize that now is a good time for them to take the opportunities available to them.

Apr 10, 2009 05:07 PM #13
Ambassador
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Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

Jeff - Come on you know you are going to be a talking head once elected. (LOL)

Christine - I'm just afraid if they don't ask fast they could lose out on a couple of these.

Apr 10, 2009 09:04 PM #14
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