Susan's Pondering

Today’s real estate market is a LAND of OPPORTUNITY! However, the news is distorting this fact by bringing to the public a lot of gloom and depressing news, leaving many people paralyzed, unable to move through and see the opportunity.

Real Estate has always been a great long term investment. Historically, over the years real estate has averaged a 4% increase every year. Now, even though there are a lot of foreclosures flooding the market, there are many homes increasing in value. Don’t view the few amongst the mass of homes as your guideline. Step ahead of those stuck in the mentality of gloom regarding the economy and its future. We have always lived in an environment of ebbs and flows, ups and downs. Now is the time to take advantage of the LAND of OPPORTUNITY securing YOUR future with a WISE real estate investment. Let’s PONDer your next real estate investment.

I recently was in a class on the housing market and statistical analysis of trends. The information was interesting and very informative. The “light went on” because just a “few” years ago when obtaining my Bachelor’s degree in business, I remember learning about the reverse relationship between interest rates and the housing market.
Currently, interest rates are low resulting in lower mortgage payments, bringing more buyers in to the housing market. Yes, this is a buyer’s market! This is an EXCELLENT time to evaluate your home and your real estate goals. Now may be the best time to put your home on the market, capturing on the influx of buyers. As we move through the year more homes also continue to come up on the market, which means more competition for your home. Have you considered moving into a larger home? Purchasing investment property, possibly around a university? Downsizing into simpler lifestyle? These are all reasons to consider stepping into the Buyer’s market, taking advantage of the housing market. This is the LAND of OPPORTUNITY! Selling your home in Buyer’s market and purchasing a new home with a lower interest rate allows you to purchase a higher price home. Call me today and let’s PONDer our possibilities! I would enjoy hearing from you!
Don’t wait too long! Remember ~ what goes down will take a turn and come up. We know we missed the opportunity when the interest rates start rising. When interest rise then the housing market begins to slow down because mortgage payments are also increasing becoming unaffordable for more consumers. Hmm… things to PONDer.

Interest rates are unbelievably low!
A lender told me that just last week she closed a loan at 4.5% interest. Wow! That information caught my attention! My suggestion is to take a look on your mortgage statement and see what your current interest rate is. Every 1% change in interest rate results in an 11% change in payment. Do the numbers and determine if you should be taking a look at refinancing your home while rates are at an all time low.

I know my husband and I are getting our paperwork together to submit to lender this week. Let me know if you need some assistance in finding a lender to assist you.