Scott Strang

This is an actual example of a condo in Woburn that is currently for sale. This shows clearly how the new lower interest rate allows someone to make an offer of $15,000 greater and give them the same monthly payment.

This example shows principal only, the asking price of his condo is $139,900 and the complex is approved for FHA 3.5% down payment financing. The best part is you can get the down payment gifted from a relative and then take the tax credit of $7500 in the spring to pay back the gift. It' like 100% financing.

This condo will pull $1100 all day for rent. So, if they buyer decides to move on, the can easily cover the mortgage payment by renting out. This is a NO BRAIN-ER !!!

There are deals like this out there and buyers must take advantage while rates are still low. For more info on finding these deals e mail me.

Seems like a better option to buy now to me ....................... lots of options , great prices coupled with great rates !!!!

Great opportunities will not last forever. We need to recognize what market we are in.

Middlesex County

Last 30 days: 11-08-08 thru 12-08-08

Average Sell price for a single family residential home $457,927

Todays rate of 5.5%

Six Months ago: 05-01-2008-through 06-01-2008

Average Sell price for a single family residential home $524,629

Rate six months ago of 6.5%

This combination of low prices and interest rates in his example saved over $700 per month !!!

Nothing is so often irretrievably missed as a daily opportunity. ~Marie von Ebner-Eschenbach

This is an image of our company website with foreclosure link on left side under "popular searches." Click foreclosures and you are viewing foreclosed properties. It's that simple.

To go to the actual website go to:

http://www.virtualhomesmls.com/realestate/MA/Tyngsborough

If interested in any of the properties either e mail me with the MLS number or follow the prompts on the website.

E mail me with any questions.

This is a great complex. It has a great ownership ratio, it is FHA approved, the condo fee is low you can have a dog, a gas grill on your deck, all units have a washer dryer on the unit as well as new AC units.

Considering renting?? I took the 2 bedroom price of 109K , assumed a 5% down payment FHA loan ($5450.00) and FHA rate of 6.0%. The $992 is about the rental rate for a 2 bedroom in Tygsborough not to mention your tax benefit for interest and taxes paid. YOu can even leverage the new tax credit of $7500 from uncle Sam.

Payment Summary
Principal & Interest: $620.83 PMI: $60.00 Condo/HOA Fees: $212.00 Taxes: $100.00 Total Monthly Payment: $992.83

MLS # 70809069 was used for this example.

For more details e mail me !!

Property Information $109,900 <!-- td><b><mce:script type="text/javascript"><! document.write(formatPrice("109900")) // --> 2 bedrooms, 1 baths 5 Bridgeview Circle 731 sq. ft., acres Tyngsborough, MA 01879 MLS#70809069
Two bedroom Garden style Condo in Bridgeview Park. This condo features hardwood floors, recess lighting, washer and dryer hook up in unit, central air, and deck. Plus easy access to Route 3. Possible 100% USDA financing available.
Property Specifics Year Built: 1991 Property Type: Condo/Townhouse, Condo Style: Garden