The low interest rates, first time homebuyer programs, low down payments despite the current mortgage market events and hundreds of reasonably priced properties on the market gives you the opportunity to make your home ownership dreams come true.
We all want the best deal, but don't hold back from buying a home hoping to purchase at the lowest. You will not know the bottom of the market until it begins rising again. What happens if the interest rates start increasing again, while you wait for it to hit bottom?
For most buyers, the monthly payment is an important gauge of affordability. Let me show you what can happen while you wait for the market to "bottom out."
Assume that for property worth $ 300,000 you get a 5% interest now. You decide to wait, the prices declines another 5% before appreciating again, and in the mean time the interest rate goes up from 5% to 6%. The property will be worth $285000 with a 6% interest rate. That will increase your monthly payment almost a $ 98.
The added advantage to first time home buyers is the $7500 tax credit. If you close on a home before July 1st 2009 you may be eligible for a credit of up to $7500 off your tax bill.
It's time to make your move towards your #1 investment. Avoid looking back saying "that was the best time to buy."
Call me today and I will be happy to help you find your new home.
Contact Gail Caldera, Licensed Realtors® in Massachusetts and Rhode Island at 508-212-2509 to help find a home in Massachusetts (North Attleboro, Attleboro, Foxboro, Wrentham, Mansfield, Seekonk, Rehoboth) and Rhode Island (Barrington, Providence, East Greenwich). I accept referrals.
Call me today at (508) 212 2509. Contact me by email if you prefer by clicking on email me on the right side of this page under my profile.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. My Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on North Attleboro Luxury Home Blog represent the opinions and ideas of the author. This is not intended as a soliciting of any listings.
Copyright © 2008 By Gail Caldera, All Rights Reserved.*Massachusetts Real Estate Market*