Subprime Winners?

By
Real Estate Agent with Berkshire Hathaway Fox & Roach RS290303

The past couple of weeks have made some CNBC junkies nervous.  Subprime loans and news of foreclosures coming along with builders sitting on lots of inventory.  What a mess. 

However, the upshot is good and employment remains strong in the diverse economy of Chester County and the West Chester Area. 

The numbers out of our MLS called Trend indicate that technically we are in a sellers market in 19380. 

Even so, there is more inventory and there are choices. 

How can you win? 

You can win if you have equity and you want to move up.  Sure your house will be worth a little less percentage wise, but you are buying a home that has faltered a similiar percentage in price.  Dollar for dollar, you will save and have great choices. 

You also may be able to appeal your assessment of taxes.  If you pay less that may adjust your taxes on your new property.  Also, the ratios are coming down in Chester County.  I have seen people save as much as 100 dollars a month.  You will have a unique case and you will have to consult the County to find the ins and outs. 

You also can get a relatively low fixed rate mortgage.  Bond yeilds have actually come down a bit actually lowering rates for the best borrowers.  Just bring your excellent credit history.

You have options and you can choose. 

This is a great market for serious buyers and sellers with good credit and motivation to move. 

Most people will find themselves in this position.

Go to http://www.ksimmon.mainlinerealty.com/ to find the home of your dreams!

Comments (1)

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2016!

    Much has changed since your last visit to ActiveRain.  I encourage you to take another look at the website. 

    Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Feb 15, 2016 12:20 PM