I have friends who play the stock market, they like to say "Buy low, sell high" I couldn't agree with them more! If you have been reading your news paper, listening to the evening news you have heard that the real estate market is down or Low. You have also heard or read about the banks. There has been talk about the feds doing some kind of bail or providing assistance, a large number of banks have closed their doors, or reduced staff and loan products.
Banks have only one product to sell, that is MONEY. The federal reserve lowered the rate it charges banks to borrow that money by 50% - this should be old news by now. However, this rate reduction has allowed the banks to keep their rates low ( there is that word again "LOW" ).
Sellers are willing to pay all or a large portion of your closing costs, and sometimes they are willing to come down on their price, this willingness on the side of the seller keeps your out of pocket expenses for the purchase of your new home - yep you guessed it - LOW!!
IF every aspect of home buyer is LOW ( rates are low, prices are low, out of pocket cost is low ) the only thing that is HIGH is your return on your investment!
So, give me a call today to discuss how you can leverage this LOW market and begin living the American Dream, and begin building your wealth not your land lords!
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