Beaverton Oregon First Time Buyer Specialist Todd Clark says “DON’T WAIT”

By
Real Estate Agent with Realty Pro Oregon, LLC

Buying your first home in Beaverton, Oregon, is a tough decision. I get asked, all the time, by first time home buyers, “Should we buy now or wait?” I say, “DON’T WAIT!” The reason I say this to these people is because right now you have interest rates that are at an all time low. You have many homes that are priced 25% less than they were just a year ago, and last but not least, the government wants to pay you $8,000 to buy your first home.

Let’s breakdown these three reasons:

1. Right now we have interest rates hovering around 5.5%. If you look at homes from 1970-1990 you had an average interest rate of around 10%. At some points, in the late seventies and early eighties, those interest rates hit the 20% mark!

With all the talk of inflation happening in the news that interest rate could rise at anytime and may, one day, go back into the teens and we may never get back to the rates that we are seeing today. Combine this with down payment requirements, on most loans, that are as low as 3.5%, and you can find quite the deal. There are also still 100% loans out there if you, or the home, qualify for them.

2. A year ago homes were, on average, 25% more expensive than they are today. That is like me selling you a one hundred dollar bill for $75! You wouldn’t hesitate on buying that, would you?

3. Now, the government is offering you an $8,000 tax credit for buying that first home. You just can’t go wrong with the government telling you to stop paying rent and actually paying you to do it!

So, if you are in the market for your first home, call me. I would love to sit down with you and go over the process of buying a home, from Earnest Money to Inspection to Closing.




Todd Clark - Broker / Sales Coach
Palazzo Realty Group
Phone: (503)524-9494
Fax: (503)622-8739



©2009 Todd Clark - Beaverton Oregon First Time Buyer Specialist Todd Clark says “DON’T WAIT”

Posted by


Todd Clark (broker)
Realty Pro, Oregon LLC
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)746-9573

 

 

 

 Follow Todd Clark on FacebookVisit my websiteFollow me on Twitter



 I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.

 

What if there was a way you could search the  MLS for FREE just like Realtors

Now you can access the MLS using similar tools as Realtors. You are in control of what you want to search for, and you can search the MLS at your leisure. The information you submit in the form below can also be used to put you on an automated system where you'll be emailed all homes that meet your search criteria. You'll get internet access to a website that includes pictures, prices, and addresses to real estate that's listed in the MLS!

  

MyFreeCopyright.com Registered & Protected

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Oregon Washington County Beaverton
Groups:
1st Time Buyers
Local Expert
Tags:
todd clark
beaverton oregon realtor
buying your first home in beaverton oregon

Spam prevention
Show All Comments
Rainmaker
796,071
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Todd - This is the message we need to deliver. Keep beating the drum. I have similar posts and you are so right. Housing is ripe for the picking, especially for first time buyers.

Apr 09, 2009 12:27 PM #1
Rainmaker
669,510
Fran Gaspari
Patriot Land Transfer, Inc. - Limerick, PA
"The Title Man" - Title Insurance - PA & NJ

TC,

I've witnessed many cycles in the real estate business over the years...but NOW has always seemed like the time was right to buy...!!! Even when Interest rates were at 18% NOW was always the time to buy...!!! Am I making myself clear...??? :) Thanks,   Fran

Apr 09, 2009 01:05 PM #2
Rainmaker
202,075
Marzena Melby
Coldwell Banker Burnet Realty - Richfield, MN
Realtor, Twin Cities Minnesota Real Estate

Todd,

As long as it is a good time to buy for the particular buyer (employment history, downpayment, credit , etc), NOW (whenever that might be) is a good time to buy  :)

Apr 09, 2009 01:33 PM #3
Rainmaker
1,644,036
Tom Braatz Waukesha County Real Estate 262-377-1459
Re/Max Realty 100 262-377-1459 - Oconomowoc, WI
Waukesha County Realtor Real Estate agent,Waukesha

Todd

This has got to be the best time I ever saw to buy a home;rates,prices, and the selection.

Tom

Apr 09, 2009 02:26 PM #4
Ambassador
1,632,570
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Todd, very solid reasons for a buyer to move forward. I hope they are out there listening and reading what you are saying. Should get your phone to start ringing.

Apr 09, 2009 04:25 PM #5
Ambassador
1,378,324
Paul S. Henderson
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Broker/Realtor & area expert!

Todd, I love this concept, there won't be a first time buyer left in Beaverton!

Apr 09, 2009 07:19 PM #6
Rainmaker
574,132
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

I would never have believed buyers could get this low interest rate and prices. With activity increasing this interest rate and pricing will not last.

Apr 09, 2009 10:02 PM #7
Ambassador
2,040,441
The Friendly Home Team
Realty Pro Oregon, LLC - Beaverton, OR
Brokers - Oregon / SW Washington Real Estate

Claude - I have both drum sticks out and I am telling as many people as possible.

Fran - Are you trying to say that NOW is the time to buy.

Apr 10, 2009 05:56 AM #8
Ambassador
2,040,441
The Friendly Home Team
Realty Pro Oregon, LLC - Beaverton, OR
Brokers - Oregon / SW Washington Real Estate

Marzena - I think historically this is the perfect storm if you have the ability to buy!

Tom - Exactly!

Apr 10, 2009 05:58 AM #9
Ambassador
2,040,441
The Friendly Home Team
Realty Pro Oregon, LLC - Beaverton, OR
Brokers - Oregon / SW Washington Real Estate

Gary - We will see today!

Paul - That is my goal, then I can sell all those vacant apartment buildings. (LOL)

Apr 10, 2009 06:00 AM #10
Ambassador
2,040,441
The Friendly Home Team
Realty Pro Oregon, LLC - Beaverton, OR
Brokers - Oregon / SW Washington Real Estate

Terry - I agree, we are already seeing the warning signs of inflation.

Apr 10, 2009 06:01 AM #11
Rainmaker
326,908
Jeff R. Geoghan
Coldwell Banker Residential Brokerage - Lancaster, PA
REALTOR, Marketing Manager

I hate that I feel like I'm parroting some NAR sales pitch when I tell people this, but it's actually true this time.  OK, I still feel weird about it. 

Apr 10, 2009 11:17 PM #12
Ambassador
1,725,224
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Todd,

You've given buyers 3 important reasons for to realize that now is a good time for them to take the opportunities available to them.

Apr 11, 2009 12:07 AM #13
Ambassador
2,040,441
The Friendly Home Team
Realty Pro Oregon, LLC - Beaverton, OR
Brokers - Oregon / SW Washington Real Estate

Jeff - Come on you know you are going to be a talking head once elected. (LOL)

Christine - I'm just afraid if they don't ask fast they could lose out on a couple of these.

Apr 11, 2009 04:04 AM #14
Show All Comments
Ambassador
2,040,441

The Friendly Home Team

Brokers - Oregon / SW Washington Real Estate
Want to learn more about Oregon / SW Washington? Just ask!
*
*
*
*
Spam prevention

Additional Information