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It's Not Just Price, It's Price AND Payments
“It’s a great time to buy” isn’t just a boring slogan you keep hearing from real estate agents. It’s also true. Not only are interest rates currently below 5% for the first time in a generation but first time homebuyers or those who have not owned a home for 3 years can qualify for a tax credit up to $8000 for purchases made through December 1st, 2009.
You don’t qualify for the tax credit? The low interest rates alone should entice you to at least think about making a move. Why? Because the combination of the exceptional deals available and low interest rates means you could be getting a home you just recently could only dream about.
Think you’ll wait for ‘the bottom’? Don’t…it’s the combination of price AND payments that makes this a golden opportunity. Let me show you what I mean:
Your Dream Home is on the market today for $400,000. You put down 20% and finance the rest over 30 years at 4.5%. Your monthly principal and interest payment is $1635.
You’d rather wait to see if prices drop further? OK. Six months from now your Dream Home is on the market for $380,000. You put down 20% ... more

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