This May Be Your Last Chance!


As we weather this economic storm, there are three essential principals
we can count on for the future:


 1.  Inflation leads to higher interest rates.

2.  Houses are selling in high quantities.

                                    3.  If you're a seller, its time to cut your price and be decisive;
                                    if your a buyer, it's time to purchase or miss out on the 
opportunity.                                    
       
                            

According to the National Association of Realtors, the U.S. is currently in position to sell 4.68  
million homes this year.  That would put 2009 within 5% of homes sold in U.S. history. Although
many people are purchasing distressed properties in forclosure or short sales, there's also a     large number of purchases made on non-distressed property sales.The market is indicating that we may have reached the bottom.



      Buyers-dont make the mistake of waiting for everybody else to make a move before you feel  comfortable enough to purchase. Many people have made a purchasing decision already and we never know what the bottom of the market is until it has passsed. Here's one thing
you can take to the bank-higher interest rates are the equivalent of a price increase. 



Sellers-if you are serious about selling your property, adjust your price to where the market is moving, take your lumps and move on or you will be waiting a long time.



Look at the difference that just a 1% point increase makes in these loans:


$250,000.00          30 year fixed          5%          $1,342.05
$250,000.00          30 year fixed          6%          $1,498.88
$250,000.00          30 year fixed          7%          $1,663.25



People are waiting for prices to continue to drop; however when rates go from 5% to 7% it is the equivalent of a 20% increase in price to the borrower.
 

Now is the time to buy!

Serving North San Diego County since 1990