I know they are a bunch of potential buyers out there waiting for the so called botttom to hit in the real estate market.  They have been told by the press to not buy yet, just wait.  Well I am hear telling you to "STOP LISTENING TO THE PRESS"  By the time you find out the bottom has hit, you will have missed it. Could of it already have happened?  I think so.  

If you are thinking about buying a home in the near future, you need to get off the fence and buy a home now.  First of all the prices are already low and the sellers are negotiating if you put a decent offer on the table.  But most of all, the intest rate is down in the 4s.  This is unheard of for years.  You can buy more house for your payment,  What is better to possibly sale a couple thousand dollars buy waiting, but pay more per month for less house OR to buy now and save thousands (yes I said thousands) over the time you hold the mortgage and have a payment that you can really afford.

No one knows how long this will last.  There are millions of people all over the country refinancing their loans due to the rates.  There will be plenty of buyers looking and finding a home that they want to live in.  The spring market is on its way.  Mortgage rates change daily or weekly.  Get this great rate now-or you may never have this opportunity again.

If you are looking to buy or sell your home in the Bucks County Real Estate market, please call or email me (Linda Tremblay) or Marcie Purcell. We would love to be of service to you.

 
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7 Comments on Why should I buy a home now? Maybe because the interest rate went below 5%?

JAN
08
Outside Blog

Linda - You are right on point.  Those who wait until the spring market will be out there looking when everyone else is looking.   Even if rates remain this low, you may end up competing with other buyers if you wait.  Also, I've seen house prices in certain areas actually increase in the last 30 days.  Now is definitely a wonderful time to buy.

By the way, in this volatile market it is not unusual for rates to change a couple of times a day.

11:53am • #1
2 Featured Posts

Linda,

I agree and just posted something similar.  I don't think we've reached the bottom yet but it shouldn't matter if you are planning to be in the house for the long term.  Plus with the rates and tax incentives you really can't go wrong.

Michelle

3:36pm • #2

Linda, They will buy. People are realising the lower interest and we should have a great year. I will be back to this blog at the end of this year and will make a comment " i told you"

10:30pm • #3
JAN
09
119,897 Points 2 Featured Posts

Linda,

Great post!   It amazing how much more home the buyers can get thanks to the current historically low interest rates.   They definitively need to get off the fence and buy!

3:38pm • #4
JAN
12
Localism Sponsor Outside Blog

Karl:  I agree, especially as we go into the spring market, the rates will probably inch up.

Michelle: If you save $5000 on the purchase price of your home, but end up spending $25000 extra in interest over the life of the loan, have you really saved money?  I don't think so. 

Rafeeq:  I actually hope you will actually tell me "I told you"

Gerry:  Also so true.  Buyers will be able to qualify for homes that possibly have some improvements that they otherwise would not have been able to afford.

2:24pm • #5
JAN
20
Outside Blog

Interest rates have been inching higher the past 7-10 days.  It's time to buy before the best deals are gone!!! 

9:06am • #6
JAN
27
Localism Sponsor Outside Blog

Karl:  Yes I see that they are inching up, but they are still pretty great overall.  It definitely is time to refi or to buy.

6:44am • #7

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Linda Tremblay, Associate Broker Bucks County, PA Real Estate Services

Doylestown, PA

More about me…

Long & Foster Real Estate, Inc, PA License #AB065488

Address: 800 Hyde Park, Rt 202 & Mechanicsville Rd, Doylestown, PA, 18901

Office Phone: (215) 348-0000 x 8077

Cell Phone: (215) 534-2369

Email Me

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