My New Blog

"The case against waiting to buy..."

    Why buying now makes you money! Finance cost will rise as well as home prices, as the economy recovers. So trying to time Real Estate might not pay off today’s $100,000 dollar home and this springs $100,000 dollar home same price right? "WRONG" you see chances are this spring rates, as well as values could begin to recover, along with the economy for illustration purposes we'll focus this on the costs of money, with no increase in the home prices. Today’s interest rate at 5.75% or this spring suppose rates went up only to 6.25% on the surface not a bad rate still. But look at it from this perspective, the difference in your payment over the life of the loan will cost you $11,500 more and the difference of the rate over the life of the loan will cost you an additional $11,600 for a total of $23,000 more by waiting. Now this cost only compounds itself higher with the costs if you’re buying over this $100,000 dollarillustration, the average brokerage firm would never explain this to you that’s why you owe it to yourself to call Real Estate Masters. 810-987-8600 now. Theres good reason this is our 30th year in business, and sell the most homes in the county year after year.