As a buyer/investor the CNN crew has done you a tremendous favor where value is concerned. Now is likely one of the best times to find a legitimate deal in almost any market in the nation and here are a few powerful reasons for you to get your rump off the hump, put your feet in the street and make an offer TODAY.

1) There are thousands of stable markets all across the nation. Even in declining markets there are pockets untouched and are still demonstrating equity growth. These areas already have proven they are market resilient and worthy of investment grade purchases even for a primary residence.

2) Investment wealth is kind of like energy - if one body loses energy it is free to be utilized by other bodies. Likewise when one person loses on an investment or home, regardless of how sad that loss is, there is equity or some other potential left on the table for another buyer.

3) Interest rates are still phenomenally low. Even some of the ARM's that have already adjusted still have interest rates below what they were just 8 years ago.

4) There are plenty of properties that have been on the market for months and months. Sellers may have to come to closing with money just to sell them. A builder client of mine recently bought $70,000 to the table just to pay off the construction loan so he could sell a property $180,000 below the original listing price. 12 months ago someone may have paid the full $680,000 for the house but instead someone got it for $500,000

Novation Mortgage is a direct lender with FHA Licensing in Georgia, Florida and Alaska and is a nationwide commercial lender. See website for licensing details.

Ken Cook - Georgia - FHA, USDA, VA and Conventional Home Loans (678) 439-8683

 

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