Opportunity is knocking

Unless you’ve been living under a rock, you are probably aware of what’s going on with the government bail-out. It looks like there is going to be a $700 Billion bail-out of the economy. Experience shows that when the government gets involved in anything, prices go up. As the bailout is implemented, it’s likely that fees, points and even interest rates will start to go up.

So right now there is an important window of opportunity. While Fannie Mae and Freddie Mac are flush with new cash, they are able to purchase more loans from the banks. Also, because interest rates are quite reasonable right now, it is a great opportunity for someone who is looking to buy their first home, someone who is looking to move into a larger, more spacious home, or someone who is looking to buy investment property. It is incumbent upon me as your Real Estate Consultant to let you know what your risks are of waiting.

If you or someone you care about is thinking about waiting until the beginning of next year to move forward with buying, selling or refinancing your home, you are risking that as the government bails out the economy, it will not raise fees, points, and interest rates to pay for this bail-out. I don’t think that this is a real good risk.

I recommend that we have a short high-quality conversation regarding what your risk tolerance is. If you have a low risk tolerance, this may be a smart time to take advantage of the low fees, points, and interest rates that are available in this economy right now.

Golden opportunity awaits.

If you’re going to sell your house in West Valley City in the next six to 12 months, our free “Room-by-Room Review” will show you the most important things you can do now to prepare for your move. Get a true professional with experience and proven results working for you. Call me at 801.694.9955, or email at rolando@kw.com.