Buy Now, Save In the Long Run!

By
Real Estate Agent with Momentum Realty

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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Re-Blogged 1 time:

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  1. Ellie McIntire 08/26/2010 04:31 PM
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Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Howard County & Catonsville

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.

Aug 26, 2010 04:29 PM #1
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Craig Rutman
Helping people in transition - Cary, NC
Raleigh, Cary, Apex area Realtor

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.

Aug 26, 2010 05:24 PM #2
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Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

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.

Aug 26, 2010 05:30 PM #3
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Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Melbourne, FL
Personal Service, always.

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

Aug 27, 2010 10:46 AM #4
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Margaret Rome, Baltimore Maryland
HomeRome Realty - Baltimore, MD
Sell Your Home With Margaret Rome

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

Aug 27, 2010 08:49 PM #5
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Holly Weatherwax

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