Perfect Storm for Real Estate

In my fifteen year career in real estate, I haven’t seen a combination of incentives to buy a house like I am seeing in the market right now. Think about this. Interest rates are lower than they have been in decades, I closed with a client last month who got a 4.75% interest rate, fixed for 30 years. Along with that the government is actually paying people to buy a house, up to $8,000 for first time home buyers and $6,500 for current homeowners who are ready to move. Click here for a pdf file with more information on the tax credit. You probably know someone who is ready to buy or sell a house. Who do you think of in your family or at work who is paying rent right now? This truly is an incredible opportunity for first time home buyers who want to stop paying rent and own a home of their own. I have had a lot of clients who actually had a lower monthly payment than they had while renting, plus, if they had been in an apartment, they had a lot more space and a garage! Then, for current home owners, especially if a move is already being planned, this situation is fantastic. In some circumstances, this combination of incentives means it could be possible to move to a larger, or newer house, and have the same or less payment than the current. Who do you know who has mentioned they are ready to move? I look forward to hearing from you. Since this is how I make my living, I really do appreciate, and need, your referrals. Please have them contact me.

Call Wayne at 918-645-1470

or by email. [wpcf]

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