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FALL 2008 Is now the time to STEP UP to Your Dream Home? |
With all the conflicting messages in the media recently, you may be wondering if now is a good time to buy a home in a higher price range. As a matter of fact, there is an advantage for move up buyers in today’s market; the process is called “price jumping”. 
With every financial decision, it’s best to weigh the pros and cons. On the pro side: historically low interest rates, great selection of homes, lower prices. The cons: it’s a challenging market for those who must sell their current home before buying. The real question you must ask yourself when considering “price jumping” is what your return on investment will be. In other words, will you be better off in five years, ten or twenty, if you step up into a higher price range today? |
| The recent announcement by the U.S. Treasury Department regarding the take over of Fannie Mae and Freddie Mac marks a significant turning point in the mortgage credit crisis and housing market recovery. Since this announcement was made, interest rates have dropped sharply. Lower interest rates open up additional loan options and increases affordability for homebuyers, adding to the opportunity that currently exists to price jump into a higher priced home. But buying a home isn’t just about interest rates and affordability. Though it’s true that you could save money now and that your investment could earn you significantly more money later, the real benefit is the home itself and the reality of achieving the American Dream. |
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