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Why people should be buying homes in Lake Arrowhead Now!

By
Real Estate Agent with Bennion Deville homes

 

Why people should be buying homes right now!

 

1. Interest rates

• Excellent rates for new mortgages that will make payments lower.

• Rates have not been like this for 40 years and may not again!

2. Fewer buyers right now.

• Buyers benefit with less competition for the best homes.

3. Lower buying activity.

• Marketplace is experiencing lower prices, which translates to more

opportunity for buyers.

4. Sellers are more willing to negotiate - not just on price but on other things.

5. Buyers who are still in the market are probably very serious and definitely

worth working with.

6. People were still buying homes in the early 80's when interest rates were

18% for FHA and 7 points. Buying a home, even at high interest rates

was still a better alternative than renting. If a person has a job and

mediocre credit, buying a home is a definite recommendation. The

mediocre rate is probably 8%, great time for mediocre credit.

7. People moving up from start homes to average or mid-price homes are

also likely to continue to buy even in slow times. The reason is that they

have equity in their current home and with the low rates available, can

afford a much larger home at close to the same payment they are

currently making. The buyer can also pull equity or buy investment

property.

 Call my 24 hour recorded message to find out how Nancy sells 4 homes a month (800) 341-9358 ext. 020

Go to our web site at mellingerhomes.com to see homes for sale.

To work with Nancy Mellinger call 909 337-2009

Brian Hoots
Real Living Speckman Realty, Inc. - Bourbonnais, IL
Nancy, Welcome to Active Rain. Now is a great time to buy!
Feb 29, 2008 09:38 AM
Anonymous
Anonymous

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm
Feb 29, 2008 01:36 PM
#2
Steven Keefe
Coldwell Banker Sky Ridge Realty - Lake Arrowhead, CA

Very good post Nancy...   I like it.

 Steve

Mar 01, 2008 12:45 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Welcome back to ActiveRain!

    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!

Sep 19, 2015 11:49 AM
Devona Garrigus
Garrigus Real Estate - Redlands, CA
REALTOR® / Short Sale Specialist

I absolutely love Lake Arrowhead! Its beautiful!

Oct 22, 2016 05:43 PM
Devona Garrigus
Garrigus Real Estate - Redlands, CA
REALTOR® / Short Sale Specialist

I absolutely love Lake Arrowhead! Its beautiful!

Oct 22, 2016 05:44 PM