Let's do a little bit of simple math to see the difference a year can make in terms of your buying power and mortgage payments.
Let's say you decide to purchase a home close to our local average median price of $250,000. Let's assume your mortgage interest rate is 4%. Your monthly mortgage payment of principle and interest would be $1,193.54.
If you decide to wait a year before making your new home purchase, that same house will then have appreciated in market value and cost … (3 comments)
home buying: "Nobody has money. Nobody's buying." Not so in Coeur d'Alene, Idaho
- 09/07/12 12:58 AM
A woman overheard snippets of a conversation I was having. She approached me to see if she had heard correctly, that I was actually keeping really busy in real estate. I told her that indeed I was. She looked skeptical and astonished, and said, "That's AMAZING! Nobody has money. Nobody's buying." I laughed and said that I had just had two closings on Friday, one was for cash. I brokered a private deal with a happy buyer of their spectacular riverfront retirement dream home for $850,000 CASH! I am working with other buyers looking for a their retirement dream home who will close as soon as they … (4 comments)
Nationally, as well as locally, we are seeing 
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