Hello Bloggers – Thanks for stopping by today. What a perfect Christmas. The only thing that is missing is snow. I headed out to Williamsburg with the family to celebrate the holidays. I had not been to Williamsburg in years and it was so pleasant to slow down, step back in time and review our countries heritage and history along with the biggest Christian celebration of the year. We are so blessed.
Maybe the very best thing about getting away was leaving the media behind. The media is, after all, a whirlwind of non stop negativity especially about the real estate industry.
Here is a reminder for you and yours. Now is the VERY best time ever to BUY a home. Of course you’ve heard me say this before. But the media has a louder and strong voice than a lone realtor. Plus, people believe the news media, when the media says that banks aren’t lending money. However, that’s just not true! In fact it’s a complete falsehood. But the ones who are being believed are the ones who have the airwave power.
So I must do what I can to get out the truth. Tell anyone you know who has even thought about getting a loan to buy a property. Here are the facts. The first fact is to prove to people that this is the very best time to buy should be done with real numbers. For example: If a seller was selling a home last year at $290,000, he would probably get $280,000 for it, and the buyer would end up paying $2025/mo using a 6.25% interest rate. That’s reality. However the same house 1 year later would sell for $265,000 and the buyer would end up paying $1735/mo using a 5% interest rate. That’s reality. A home buyer right now would be buying a house worth $290-$300,000 and only paying $1735/mo…..that’s the reason we need to help homebuyers understand today’s great opportunities that will not last.
It is true that Raleigh real estate and Cary real estate continue to favor the home buyers. This creates the best buyers market in years. There are many sellers that were considering selling their homes in 2006 or early 2007 when we had a stronger seller market. Unfortunately, many sellers delayed their plan to sell until is was “ONE DAY TOO LATE”! If you have a family member, friend or if YOU have been considering buying a home, act now! Buyers markets’ pass quickly and you do not want to be the buyer that waited “ONE DAY TOO LATE”. Right now, you can earn you years of equity value by making the right home purchasing decision. Even though every home looks like “the deal of the century” this is not reality. When you take time to choose the right representation and prepare yourself for the home buying journey (Our “Smart Buyers Home Buyer Guide” is the best way to prepare). Call or e-mail me to make sure you get all the advantages in buying your next home.
Until then, God Bless and may you have a very healthy and happy 2009! Marti
Friday, December 26, 2008
Monday, December 1, 2008
Buy me, Buy me Not, Buy me, Buy me not
Hello – thank you for stopping by today. Thanksgiving is over and now we begin the fast pace to Christmas. The real estate market industry is no different. There is never a good real estate market or a bad real estate market. The real estate market is “what it is” and is ALWAYS good for someone! How is it possible that we call a market where home prices are stable or slightly lower than last year, a bad market? It is hard to follow that logic!
The market has resumed a more normal number of showings after a slump during the election season. Showings have increased in North Raleigh and Cary real estate listings to pre-election numbers. December home sales are beginning to show signs of improvement from the last two months. Homes are selling in the Triangle and buyers are getting a chance to capitalize on the best home buys in years. Here are my top reasons to consider buying a home right now!
1. Sellers that have their home on the market in the winter season are usually serious sellers with strong motivation to sell their homes at reasonable prices.
2. If you are buying a home through FHA, you will save ½% on your down payment by purchasing your home now.
3. Solid neighborhoods with strong track records of appreciation are being sold at discount prices to savvy home buyers willing to buy verse wait.
4. Loans are available at outstanding interest rates that make monthly payments the same or lower than rents.
5. Much of the US wealth is held in principle homeownership. Because of this fact, real estate is as safe as the US economy and will rebound quickly. By purchasing a home now, you will have the chance to build equity rapidly and when the market returns (as it will) you will be years ahead by choosing to buy in a slower market.
One last thought for those of you that own a home now. In the last 2 weeks, I’ve heard from 2 past clients. Both are very financially conservative. One of these past clients called one day and said that he had been traveling extra hard with his company and had decided to buy a more expensive home. He owned a moderate price home in a top Cary neighborhood in the range of $300k. His home was nearly paid for, so I was surprised to receive his call and request. When I asked him why, he stated, that 5 years from now, he felt he wanted his money invested in a more expensive home verse staying in the home he was current living. A week later, I got another call from another business executive that I have a long history, and he expressed similar plans and opinions. The winds are changing.
I’ll leave you with the same question, my past client asked himself,
“5 years from now – where do you want your home equity to be invested?”
This is a great question. It is a question that could change the course of your net worth. Thanks for stopping by today. God Bless you and yours. marti
The market has resumed a more normal number of showings after a slump during the election season. Showings have increased in North Raleigh and Cary real estate listings to pre-election numbers. December home sales are beginning to show signs of improvement from the last two months. Homes are selling in the Triangle and buyers are getting a chance to capitalize on the best home buys in years. Here are my top reasons to consider buying a home right now!
1. Sellers that have their home on the market in the winter season are usually serious sellers with strong motivation to sell their homes at reasonable prices.
2. If you are buying a home through FHA, you will save ½% on your down payment by purchasing your home now.
3. Solid neighborhoods with strong track records of appreciation are being sold at discount prices to savvy home buyers willing to buy verse wait.
4. Loans are available at outstanding interest rates that make monthly payments the same or lower than rents.
5. Much of the US wealth is held in principle homeownership. Because of this fact, real estate is as safe as the US economy and will rebound quickly. By purchasing a home now, you will have the chance to build equity rapidly and when the market returns (as it will) you will be years ahead by choosing to buy in a slower market.
One last thought for those of you that own a home now. In the last 2 weeks, I’ve heard from 2 past clients. Both are very financially conservative. One of these past clients called one day and said that he had been traveling extra hard with his company and had decided to buy a more expensive home. He owned a moderate price home in a top Cary neighborhood in the range of $300k. His home was nearly paid for, so I was surprised to receive his call and request. When I asked him why, he stated, that 5 years from now, he felt he wanted his money invested in a more expensive home verse staying in the home he was current living. A week later, I got another call from another business executive that I have a long history, and he expressed similar plans and opinions. The winds are changing.
I’ll leave you with the same question, my past client asked himself,
“5 years from now – where do you want your home equity to be invested?”
This is a great question. It is a question that could change the course of your net worth. Thanks for stopping by today. God Bless you and yours. marti
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