30 yr. Fixed Rates below 6% Again?
Posted Dec 1, 2007 @ 5:56 am, Viewed by 1078 Visitors, Read 1093 Times.
When I was in college mortgage rates went to their all time high of 18%. That is what kept me out of Real Estate initially. My father was a Real Estate Broker and I saw what a really tough market looked like and I didn't want to be involved. This perspective gives me a truly different take on the market we are in now.
What I see is opportunity for buyers!
The old saying of buy low and sell high! What makes a great time to buy property. Let me think....
1) When you can buy at a discount.
2) When sellers will pay your closing costs so that you don't have to come out of pocket.
3) When you can finance at a great interest rate (5.75% 30 yr. fixed)
4) When you have a lot of inventory to choose from
Wow! I think that time could be now!
When people look back they will say 2007 and 2008 was the time I should have bought my home!
What I see is opportunity for buyers!
The old saying of buy low and sell high! What makes a great time to buy property. Let me think....
1) When you can buy at a discount.
2) When sellers will pay your closing costs so that you don't have to come out of pocket.
3) When you can finance at a great interest rate (5.75% 30 yr. fixed)
4) When you have a lot of inventory to choose from
Wow! I think that time could be now!
When people look back they will say 2007 and 2008 was the time I should have bought my home!
Columbus Ga Realtor and Fort Benning Information. We also cover Midland Ga Real Estate and Phenix City Real Estate .
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We are having that issue here as well. Buyers can get a good deal on a home right now but the discounts are not as drastic as the news media leads them to believe.
Posted 2 years ago
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Donna and I are Realtors in Columbus GA, Phenix City AL, and Fort Benning GA. We work as a team and utilize the strengths and different perspectives of the team to help you make a wise decision and a good investment! Read More
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Isn't it amazing that media experts can't seem to grasp the concept. The biggest problem that I see here in Austin Texas is that buyers have a perception that builders and sellers in general are so desperate that homes are free.