December 12, 2008
Are you waiting for the perfect time to buy?
If our local real estate market hasn’t bottomed out yet, that point is likely to be very close. Prices are at levels not seen since 2003. Interest rates are the best they have been since the baby-boomer's parents came back from the war! Imagine 30 year fixed rates under 5% (with a down payment and reasonable credit)! These are the rates that the lenders are sending us. They have money and are anxious to lend it.
If you are trying to guess the best time to buy, good advice is to not wait for signs that the market is recovering. When that happens it means you’ve missed it. Someone wisely told me the other day that “2008 will be remembered as the year I should have bought real estate”. Call me at 262-348-3248 or email me at mike@livelakelife.com for a list of local lenders who specialize in loans for the properties in our area.
Posted By: 
Mike Pfammatter
Tagged With:
buying a home,
interest rates
and time to buy
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