Buy Now, Save In the Long Run!

By
Real Estate Broker with The Momentum Group

If you have been on the fence about buying a home, you really should consider getting into the market.

Home prices are competitive, sellers are often motivated, interest rates are unbelievable and you may dollar signfind that with school starting soon, there aren't as many buyers to compete with.

'All real estate is local,' has been touted a lot lately because it is true. Before you believe the gloom and doom of the National media, you need to do yourself a favor and talk to a local Realtor.  Select someone whose expertise you trust and ask them for a read on your local market.

With the average 30 year fixed loan ending the week at an average of 4.32% it is a great time to buy a house at a competitive price and for the best financing seen in YEARS!

For more information on current interest rates see, Fixed mortgage rates fall for Nine of Past 10 Weeks.

I wrote a blog last week called, Why You Should Buy Now Even without a Buyer Tax Incentive.  In this post, I lay out what a difference interest rates can make in your monthly payment. It is really is amazing how much a lower interest rate can mean for your out of pocket costs.

If you have been thinking of buying, don't ignore the buying power that these interest rates can provide. It is time to get off the fence and buy that home you have been considering!

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I believe that buying or selling real estate should be a GREAT EXPERIENCE. If I can help you, your friends or family buy or sell their next home in Northern Virginia, please let me know!

If you need help with a home outside of Northern Virginia, I have an extensive network of referral agents and will make sure you are working with the best!

The contents of this blog may not be copied or reproduced without the permission of Holly Weatherwax.

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  1. Ellie McIntire 08/26/2010 04:31 PM
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Topic:
ActiveRain Community
Groups:
Internet Empowered Consumer
Reston, Virginia
VIRGINIA
WHAT'S HOT IN VIRGINIA
Tags:
interest rates
purchase
home buying

Comments 5 New Comment

Ambassador
1,042,455
Ellie McIntire
CDPE, Howard County Homes for Sale
Ellicott City Clarksville Howard County Maryland Real Estate

As always Holly, you spell it out so eloquently. So many buyers are going to kick themselves if they do not get into the market now.

August 26, 2010 04:29 PM
Ambassador
963,105
Craig Rutman
Raleigh, Cary, Apex area Realtor
Helping people in transition

This line says it all......"Before you believe the gloom and doom of the National media, you need to do yourself a favor and talk to a local Realtor."

All Real Estate is local is not just some convoluted sales pitch. It's a fact.

August 26, 2010 05:24 PM
Ambassador
2,270,832
Patricia Kennedy
For Your Home in the Capital
Evers & Company Real Estate, Inc.

Holly, I think this is good advice, at least for people who have a reasonable amount of job security.  I think the low rates will make up for the lack of a tax credit in a pretty short time.

August 26, 2010 05:30 PM
Rainmaker
929,718
Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC
Personal Service, always.
Waters Realty of Brevard, LLC

It makes sense but the news media is so negative! All we can do is get the word out!

August 27, 2010 10:46 AM
Ambassador
1,606,173
Margaret Rome, Baltimore Maryland
Sell Your Home With Margaret Rome
HomeRome Realty-Author "Real Estate the Rome Way" 410-530-2400

Holly, This is going to be the year when we will hear..."I could have bought that in 2010 for  $X, why should I pay that price now."

The smart savy buyers are out there making deals NOW.

Margaret

August 27, 2010 08:49 PM
Rainmaker
532,341

Holly Weatherwax

Keller Williams Realty, Northern Virginia
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