Now Is The Time To Buy A Home In Palm Coast

Real Estate Agent with Realty Exchange

Now is the time to buy a home in Palm Coast!

For the last few years people have been sitting on the fence waiting for home prices to hit rock bottom, or interest rates to go lower, or many other reasons; they have postponed buying a home. But the fact is now might be the perfect time to buy a home in Palm Coast. Home values have fallen by as much as 60% from the peak in 2006 all the numbers point to now is the time to buy a home in Palm Coast.

Low Interest rates in today's market.

Let's look at interest rates: Interest Rates over the years go up and down but the fact is now rates are lower today then they were 50 years a go, back then rates were around 6% but now you can get a 30 year fixed rate mortgage to buy a home in Palm Coast at around 4%. What this means to you is that a $100,000 mortgage would be $400.00 a month not including taxes or insurance. So today with FHA loans, USDA loans you can purchase a home in Palm Coast with little or no money down.

Home prices in today's market.

With the decrease in real estate values more people can afford to buy a home in Palm Coast then a few years ago. Think about it, homes that were selling for $200,000 are now selling for $100,000. So you are getting a home that once would have cost you $1000.00 per month or more (depending on the intrest rates) and now it's only costing you $400.00 per month. 

Now is the time to buy a home in Palm Coast!


So add all these factors together from low prices to low interest rates to a large selection of homes. This might be one of the best times in history to buy a home in Palm Coast.  You can even buy a home in Palm Coast for less then you pay in rent! So get out there and start looking for a home before interest rates go up,bank owned and short sale homes get sold then you'll be kicking yourself for not buying a home in today's market.

For a FREE list of homes under $100,000 give me a call.

Carmine Pantuso, Realtor  Keller Williams Realty   phone: 1-888-788-8994

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