If you are sitting on the fence, you are not alone.  Many home buyers just like you, are waiting to see what happens in the real estate market.  It isn’t surprising home buyers are missing out on terrific real estate opportunities.  With all the doom and gloom in the news regarding the nation’s real estate market, banks going out of business and the high number foreclosures I am not surprised that you are hesitant about purchasing a home.

 

The truth of the matter is …

 

The high number of foreclosures, bank closings and mortgage defaults are creating a great “BUYERS MARKET”.  These issues have resulted in lower interest rates, which have dropped to “historic lows” currently around 5%. The number of foreclosures has increased, resulting in additional competition that is driving down home prices, and forcing sellers to offer closing costs assistance.

It is ironic that the very issues that the media has been focusing on are the very
reasons why you need to get off the fence today.

We are offering Free Home Buyers Bus tour of bank owned and foreclosed homes on January 24, 2008.  Connie Ramsay with the Lending XChange, Sean Schroeder with The Real Estate-XChange, John Burke whit House Masters and Alison Rodriguez with Title Quest, will host the tour.  We are there to show you homes, and to discuss with you the ins and outs of purchasing a home in today’s exciting real estate market.

 

One last thought, as interest rates hit these historic low’s, a small increase in home prices of 10% will negate a 1% decrease in your interest rate.  The old saying is “Buy Low, Sell high” this is about as low as we can go.

 

Call today to for more information on our Home Buyers Bus tour at 757-839-5452 or email kathy.schroeder@757realproperty.com

 

Sean Schroeder, REALTOR

The Real Estate-Xchange
757-893-3954