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”


Todd Clark (broker w/ Ken's Home Team)
Keller Williams Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)746-9573

 

 

 

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 I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.

 

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This post has been included in Oregon Real Estate News Washington County, OR Real Estate News Beaverton, OR Real Estate News
Post is included in group: 1st Time Buyers
Post is included in group: Local Expert

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

APR
09
2009
562,653 Points 10 Featured Posts Outside Blog Attended Rain Camp

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.
12:27pm • #1
596,971 Points 39 Featured Posts Outside Blog

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
1:05pm • #2
199,849 Points Localism Sponsor

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  :)
1:33pm • #3
1,261,130 Points 2 Featured Posts Outside Blog Hit Router

Todd

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

Tom
2:26pm • #4
1,328,200 Points 188 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

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.
4:25pm • #5
971,129 Points 102 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Todd, I love this concept, there won't be a first time buyer left in Beaverton!
7:19pm • #6
569,437 Points 1 Featured Post Localism Sponsor Outside Blog Attended Rain Camp

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.
10:02pm • #7
APR
10
2009
1,928,671 Points 155 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

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.
5:56am • #8
1,928,671 Points 155 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

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

Tom - Exactly!
5:58am • #9
1,928,671 Points 155 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Gary - We will see today!

Paul - That is my goal, then I can sell all those vacant apartment buildings. (LOL)
6:00am • #10
1,928,671 Points 155 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Terry - I agree, we are already seeing the warning signs of inflation.
6:01am • #11
321,805 Points 13 Featured Posts Localism Sponsor Outside Blog

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. 
11:17pm • #12
APR
11
2009
1,351,812 Points 42 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

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.
12:07am • #13
1,928,671 Points 155 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

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.
4:04am • #14

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