Now more than ever we need to spread the word that despite what the media says, this is a GREAT time to buy real estate. There are many programs available for qualified buyers, there is a ton of inventory so you, the buyer get the opportunity to negotiate for things that are important to you and interest rates are at 50 year lows!!!
One of my preferred lenders, Tom Lasswell with Guild Mortgage, wrote the following article. I share Tom's sentiments, now is a great time to get into the real estate game!! Feel free to share this with everyone and help spread the word!
REAL ESTATE …Now On Sale
Eight Right Reasons Real Estate
Makes
Sense Today Whether
you are a First Time Buyer, Seasoned Investor, Move up
Buyer or Vacation Home Seeker, the dynamics of the current Real Estate
Market
are probably in your favor. Here
are
some key reasons why we believe there are unprecedented values in
today’s
market. (Your
particular personal
situation may reveal even more) 1.)
We have a
buyers market!
Inventory
of both new
and existing
homes is high. This
creates the
opportunity for both an excellent selection of homes and the ability to
negotiate the very best price. In
most
markets prices have declined sharply over last year.
Your local neighborhood real estate professional should be
able
to give you statistics for any areas that you are interested in. 2.)
Flexible
Seller Terms and
Concessions- Just a few short years ago when
there was less supply
and numerous buyers these were difficult to obtain … Today,
what we call
Financial Terms and Concessions from the seller, including fully paid
closing
costs, repair and upgrade allowances and a flexible closing dates are
many
times now part of the real estate transaction. 3.)
Interest
rates
remain at all time lows- At the time of this writing
“base” fixed rate home
loans on most programs remained in the 4.875% to 5.125%, (APR 4.99 to
5.29%) range, the
lowest cost of money in recent
times for years! 4.)
Financing
Options are
plentiful- Contrary to what you may be hearing, for those
with good credit
and stable employment and income history, both 100% financing and low
down
payment loans are readily, and we mean readily available. Buyers must
qualify
based on each programs’ qualifying factors. 5.)
Owning
vs. Renting-
For those looking to purchase property which they will occupy, a fixed
mortgage
payment may provide stability over a monthly rental payment. 6.)
Asset
Leveraging-
As with many investment vehicles, home ownership can provide you a
unique
opportunity to leverage the amount of money used to purchase a property.
Building wealth through home ownership can be powerful. Your CPA, accountant or
tax preparer should
be able to shed some light on this. 7.)
Tax
Benefits- For
those that itemize their deductions real estate can provide reduced
income tax
liability. Further
for those of you
looking to buy your first home, up until the middle part of 2009, the
government is providing for those that qualify a tax credit up to
$8000.00!
(Your tax advisor can review this with you). 8.)
Investor Choices Galore-
Many investors
hold and manage both residential and commercial real estate directly. But in recent years
another way to be
invested in many real estate markets, yet not being a direct
owner/manager of
any particular property is through Real Estate Investment Trusts or
(REIT’s). REIT’s
are structured investment vehicles
that are designed to pay a rate of return and allow for interest in
numerous
real estate properties. We
clearly understand that as with any investment, buying
and investing in Real Estate is a big decision.
As such we always encourage you discuss your real estate
thoughts
with your financial professionals/advisors. Copyright tlasswell 2009
By Tom Lasswell, scfl, Sr. Lending Advisor
Guild Mortgage Company
Sandy
Noll
Realtor
Keller
Williams Realty Kirkland
425-890-0878
sandy@sandynoll.com
www.letsachieveyourgoals.com
http://positiverealestateprofessionals.com/washington/
Your
Residential Real Estate Specialist

If you are a first time home buyer and have 10-20% for a down payment/loan fees and want to purchase a home at the foreclosure auction (which requires all cash) and quite possibly get a screamin deal, CALL ME TODAY!!!
I have a resource to help you do just that and they are eager to lend to qualified buyers/investors. Not limited to first time home buyers either......systems for investors lacking all cash too!
Sandy Noll
Realtor®
Keller Williams Realty
425-890-0878
sandy@sandynoll.com
www.letsachieveyourgoals.com
Your Woodinville, Kirkland & Bothell
Real Estate Professional
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