Survey Says Now Is A Great Time To Own A Home - 6 Reasons Why

Reblogger Karen Kruschka
Real Estate Agent with RE/MAX Executives

Kay Van Kampen is an experienced real estate broker in Springfield, MO  The report below shows clearly she has a firm grasp on the vital elements that are part of the home buying process.  If your plans include a move to the Springfield area I recommend you contact Kay.  She will assist you to meet or exceed your real estate objectives.

I am certain we would work well as a team to coordintae the purchase of your new home with the sale of your Northern Virginia home to minimize any inconvenience.  Please call me at 703-690-6569 to discuss the process and let's get started

Original content by Kay Van Kampen 1999033519

Survey Says.......Now Is A Great Time To Own A Home - 6 Reasons Why

Back when we bought our first home, buying a home was easy.  We were a military family with a fixed income.  We purchased aWelcome to Springfield Missouri home with VA financing, 8% interest, with payments of approximately $300 a month.  Now that was great!  No money down.....money for the payment was on time every month......what more could we want!  Oh, I forgot to mention, homes were very affordable back then too.

Times have changed and so has the Springfield real estate market.  I've read several articles lately that say now is a great time to own a home.  Some of the reasons why are:

1.  Prices have dropped on homes across the country.  In our area, I've seen about a 30% drop over the past several years.  30% is a huge difference in a house payment. 

2.  Interest rates are matching some of the all-time low rates of 4.3%.  What I would have given for 4.3% when I was raising a family.  I assumed a mortgage in the early 80's at 15.875%.  Buyers should be jumping for joy and buying everything they can right now.  We haven't seen interest rates as low as 4.3 % since the 70's.

3.  Lower prices mean paying less income taxes.  And sometimes you can go to the tax assessor and have your real estate taxes lowered since you purchased the home for less than it originally was assessed for.  Compared to monthly rental rates, owning a home could be less.

4.  No more landlords!  It's yours to fix anyway you want.  Improvements are for your taste, without worring about fixing someone else's place.

5.  You get more for your money right now.  With all the short sales and foreclosures out there, there are many great Springfield Mo homes to choose from.  In some markets there's over a year's supply of homes on the market.

6.  Buying at the bottom of the market is like buying equity later on.  It's like working the stock market....When the market recovers, prices go up. 

Let's take a survey.  How many say it's time to buy a home?

 

Home buyers, what are you waiting on?  It may be another 40 years before we see interest rates like this again.  Start today building your future and BUY A HOME!

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Kay Van Kampen is a Certified Distressed Property Expert specializing in short sales and a local Realtor serving Springfield, Ozark, Nixa, Rogersville, Republic and surrounding areas in Greene, Christian and Webster Counties in Missouri. She is ready and available to help you with all your Springfield Mo real estate needs. To contact her go to www.kayvankampen.com. If you would like a free list of homes for sale in this area/neighborhood, would like more information about Springfield, Ozark, Nixa, Rogersville, Republic, Willard and surrounding areas or would like to be the first to know about hot new listings before other buyers do, then give me a call at: 417.839.4534.

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RE/MAX Solutions                                             www.kayvankampen.com
Springfield, MO, 65721
 
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Rainer
69,945
Christa Borellini
Prudential California - San Diego, CA

Too true..Great post!

Sep 24, 2010 02:18 PM #1
Ambassador
1,553,206
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Christa  Thanks go to Kay

Sep 24, 2010 02:20 PM #2
Rainmaker
169,662
Richard Ruggaber
Metro Life Homes - Los Angeles, CA
California Real Estate - (818) 422-5035

Very good post thanks for sharing.  Wishing you a productive and positive weekend.

Sep 24, 2010 02:26 PM #3
Rainmaker
169,067
Larry Bergstrom
Crescent Realty, Inc. Spanaway, WA. - Spanaway, WA
CNE, CRS, GRI

Karen, the survey seems right on. How do we get the buyer's to realize this?

Sep 24, 2010 03:04 PM #4
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1,553,206
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Richard Kay did a great job

Larry That is the puzzle

Sep 25, 2010 12:34 AM #5
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