Why sit on the fence?

By
Real Estate Agent with Founding Partner, HER Realtors

Before you believe the media, perhaps you should examine the housing market. If you're sitting on the fence waiting for the market to "turn around" before you buy--you could be missing out on an opportunity. Make no mistake, the opportunity will be assumed by someone else!

There are still plenty of affordable and safe mortgage products available, both conforming and federally insured, especially since the President signed the new economic stimulus package into law. The loan limit increases included in the package will help an additional 138,000 Americans purchase a home according to research by the National Association of Realtors. The FHA loan limit in the Dayton is increasing from $206,150 to $271,250 as a result of the stimulus package. Further, the increased loan limits for Fannie Mae and Freddie Mac will help many homeowners refinance and avoid foreclosure as well as convert many fence-sitters into active buyers.

The outcome? Reduced housing inventory and increasing home prices. It's not too late to get into the market and " buy low". A rise in pricing is right around the corner, don't miss YOUR opportunity.

Comments (1)

Christina Cavins
Irongate Inc. REALTORS - Centerville, OH
www.BuySellOH.com Search Ohio Homes For Sale

Great blog article Amy! Why sit on the fence especially with the NEW $7500 homebuyer tax credit?

Real Living Rocks!

Christina

Oct 15, 2008 08:12 AM