Let's Talk Real Estate! When should I buy?

By
Real Estate Agent with Prudential, Fox & Roach, West Chester

Let's talk Real Estate! Can you imagine, interest rates are below 5%, and just two weeks ago were under 4%, both historically low for 30 year fixed mortgages. Currently for new construction condos, there is a mortgage available at 3.75% with 0 points fixed for 30 years. And WOW! sales are still sluggish and not where they should be, even with this financing available. The selection of inventory is fantastic in almost every area, this includes low, mid and high priced homes. That includes both properties offered for sale and rentals. So, why are sales not what many of the top realtors believe they should be? In my opinion, with the loss of equity in our area homes and across the country, many buyers are still concerned. They are thinking "Are we at the bottom?" But nothing is for certain. So, I believe it's opportunity time. If you are a buyer, call your Realtor, or myself or one of the members of my team, so we may educate you on what a great opportunity it is to buy. If you're not in our immediate area, but want to be referred to a top realtor, contact me, and I will make sure you get a quality agent. Thanks for reading! My blogs will be updated weekly.

 

Visit us at www.AnsteyTeam.com Or call Kit direct at 610.430.9102

Comments (3)

Adam Brett
The Adam and Eric Group - Fullerton, CA
The Adam and Eric Group, Fullerton's Finest

It is a great time to buy - at least in the lower end.  I feel the upper end has a ways to come down.

Jan 12, 2011 03:33 AM
Anonymous
Alison

I agree, I think there couldn't be a better time to buy. I'm currently looking to purchase a home in the West Chester area, I will be in contact!!

Jan 12, 2011 03:57 AM
#2
Anonymous
Kit Anstey

Great, look forward to hearing from you. Pre-Approvals are really important. If you want a hassle free, no obligation, no cost mortgage Pre- Approval, please call my mortgage coordinator Larry Flick at 610-429-2253.

Best Regards,

Kit Anstey

Jan 12, 2011 04:47 AM
#3