Do you have Buyers that tell you, "I'm going to wait" Share this!

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Real Estate Agent with First Weber Hedeman Group

Example, take a home that is priced at $100,000 and the interest rates are at 5% for a 30 year loan. The monthly payment would be $536.82.

Now let's say they wait and the housing market drops another 10%. (good) The home is now $90,000, but the interest rate go up to 6%( bad). The new monthly payments are now $540 per month.

With the volatile market that we live in, waiting isn't always the best option. Why pay more when you can start making your dream of home ownership a reality today while interest rate are historically low and homes are on sale?

Do the numbers!

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Leslie Prest 01/28/2009 06:08 AM
  2. Jim Frimmer 01/28/2009 12:45 PM
  3. Not a real person 01/28/2009 09:29 PM
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Posts to Localism
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greencountyhomeguidecom

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Anonymous
Deanna

Nice Information for us to know! Thanks

Jan 28, 2009 06:20 AM #1
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