The time is now!

By
Real Estate Broker/Owner with Archwood Properties

The time is still right for buyers. With the home prices remaining steady and the stabilizing economgy, it's not just a good time to buy a house...it's one of the best times to buy.

1. Low mortgage rates serve as an equity shock absorber. When buyers borrow at today's record-low rates, they start building equity as soon as they close. That means they have a little give to absorb a few ups and downs as the still-recovering housing market gains traction.

2. Houses are in move-in condition. Homeowners have continued to spend on maintenance and repairs.   Homeowners who have been holding back, kept their houses in good shape while they waited. As those houses enter the market, they are in marked contrast to tattered foreclosures.

3. Terrific houses are coming on the market. Foreclosures are finally starting to clear the system-and this is just the opportunity that owners of many desirable properties have been waiting for.

4. Appraisal regulations are finally aligned with market realities. Fannie Mae has adjusted its appraisal guidelines, giving appraisers more flexibility to set values that reflect the current market. This ensures that today's deals will make it over the finish line.

5. Plenty of programs. Homes are more affordable than they have been for years, but communities have stuck by "workforce housing" programs that encourage middle-class families to buy houses. Buyers who qualify can get a big boost by combining one of these programs with today's low mortgage rates.

 

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

 

Comments (2)

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

You are right now is the time to buy with the great rates and awesome deals out there.

Aug 02, 2010 10:20 AM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I firmly believe that anyone who buys now will look back in five, ten, twenty years and say, "That was the smartest decision that I ever made."

Aug 02, 2010 10:36 AM