Real Estate Information

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

The latest build of Gold3 is up and looking good.

It's been a long time coming, but Real Pro Gold is about to leapfrog all competing websites and systems.  Built from the ground up as an all new architecture, Real Pro Gold 3 is "The Website Search Engines Love!TM"

It's hard to believe how invisible some real estate agent websites are!  I've spent quite a bit of time examining all the competitive websites, and some crucial pages are entirely invisible to search engines, especially the featured property pages.  Since this content is so crucial to real estate agents, it is essential that it be highly visible to a search engine.

Good Monday Morning!

Have a wonderful Memorial Day!

Speculation has it that mortgage interest rates could begin edging upwards by mid to late Summer.  With the current soft home prices and attrative interest rates, we may certainly be at the very best time to purchase a home. 

If you are considering the sale of your homne you can receive an e-mail analysis that will give you a good indication of your homes current market value at www.forhomesellers.com.

Have and Awesome Day!