It feels like the market in Tallahassee has a simmering under current ready to spring forward. What is holding up the Buyers? Maybe it's the sale of their current home, maybe they are waiting for prices to fall, maybe they are waiting for the interest rates to bottom out? I'm here to tell you, just like stocks, if you wait for the bottom to hit, by the time you realize it, it's already on it's way up. Take advantage of the record low interest rates and low prices right now. Today I received a rate sheet showing 4.875% with no points. You say your not going to buy something until it gets to 4.5%? Did you know for a 30 year mortgage on a home costing $200,000 the .375% you are waiting on would save you a wopping $45 per month on your payment? In the meantime, the prices of homes in Tallahassee have not dropped as substantially as it has in other areas of Florida. There has never been a better time to buy a home. Act now and get off the fence post!!
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