Great Time To Buy A Home, Lynnwood, Bothell, Everett Washington
Most of us have heard this is a buyers market. So where are all the buyers? The truth is I think many potential buyers feel they cant afford to buy their dream home in today's market. The fact is, if you are like most people, you can't afford not to.
Very important Fact. As home prices rise and interest rates increase, many people who can afford to buy NOW, will not be able to buy in the future..... Most buyers with a combined income of $50,000 a year will qualify to purchase a $200,000 to $250,000 home. That works out to $25 per hour, or a couple making $12.50 each per hour.
However if interest rates rise from 4% to 5% that same buyer would lose $50,000 in purchasing power, and if they went to 6% that would equal a loss of 100,000 in purchasing ability. Does anyone remember when interest rates were as low as
they are today? I don't, but I was recently told that Eisenhower was the president. No wonder I don't remember! He left office the same year I was born, 1961. Now is a Great Time To Buy A Home
Over the last few years Home prices have dropped on average 30%. History shows us that down cycles in the housing market are temporary, and the up swings more than compensate. This means there are great deals, and unbelievable financing available right now, But no one knows how long these conditions will last. The United States is expected to grow by another 100 million people in 40 years.
Many expert's believe prices have bottomed out, and the economy is close to starting it's way up. This means every one who buys their first home now, or buys up, stands to profit as prices rise, even if their goal is just to have a place to live. History shows us prices always have gone up. So where are the buyers? Now is a Great Time To Buy A Home.
Right now there is a higher number of homes to choose from. An estimated years supply of inventory. That means today's buyers have more homes to choose from so it is more likely they will get what they want not just settle for what they can find.
This is a subject that is very dear to me because when I bought my 1st home in 1987 I was simply just looking for a place to live, but the truth is over the next 15 years my home netted me as an investment nearly as much as putting on 
my boots every morning, and going to work as a construction worker.
I worry many people are missing out on the benefits, and great opportunity home ownership offers.
Don't wait until it is to late. Let's get started now by calling me to set up a free, no obligation consultation. I can even help yo
u find a great lender. So I repeat Now is A Great Time To Buy A Home
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