Time to Buy

The obvious is "the real estate market is what it is". All of this doom and gloom has clouded our reasoning and rationalization skills. And as a result, we are missing the second obvious, "it is a buyers' market" meaning - IT IS TIME TO BUY! Mortgage interest rates are the lowest in 30 something years and in this market a lot of house can be bought on the low-low!

Investors are racking up and buying property, while the rest of us are waiting for a major news headline like, "Buy Now - Mortgage Rates Are Going Up" or "Homebuyers Buying In The Wrong Market".

Let's be money savvy. Would you buy a pair of shoes at $85.00 at your favorite department store when you could get the same pair of shoes at your other favorite department store for $45.00? Simple, HUH? Just do the math.

So I reiterate- NOW IS THE TIME TO BUY. THE RULE IS TO BUY LOW AND SAVE.

Or look at it this way head on - as long as you live, you've got to have a place to live-whether it is an apartment, rental property or with a relative. So why not take a leap of faith and buy yourself a house. The market is plentiful and good to great deals are out there.

Contact me for information on good to great deals!

HUD Properties

Having acquired the status of a "Registered HUD Agent", I learned some interesting things about HUD properties. HUD properties, usually identified with low income neighborhoods, cross the spectrum. HUD properties vary in price, location and condition. Homebuyers may receive a $1000 sales allowance if a contract is executed within 30 days of the property's initial offering. Additionally the property may qualify for FHA 203(b) or 203(k) financing which provides funds to repair the home up to a specified and stated amount. The funds are then folded into the mortgage.

How about that - a homebuyer could get a home - have it repaired and pay for it all in the mortgage. Now is the time to buy! So why don't you do it?