Friday, August 06, 2010


  • NOW IS THE BEST TIME EVER TO BUY A PROPERTY IN FLORIDA. Many homes in move-in condition and fixer-uppers are now very affordable and may be less expensive than renting, even leaving comparable dollars over for a maintenance reserve fund
  • Interest rates are still low. For a few extra dollars a month on a 30-year mortgage a first-time buyer could own the house free and clear within 15-20 years, saving interest payments.
  • A 1% rise in interest rates will add several hundred dollars per year to even a moderately-priced home so now is the time to take advantage of these low low rates.
  • The trend upwards in home market value has already begun in some markets and will begin in others as the foreclosures and short sales are sold.
  • First--time buyers incomes will increase over time, their house payment will remain stable, and will be appreciating in the future.
  • Paying rent may be buying your landlord a house – why not buy your own house?
  • How long do you anticipate living in a house you buy… if interest rates DO dip short term, by the time you sell the property the home market value may have appreciated.
  • Rents can rise.

To find out how much house you can afford, get a mortgage pre-approval.  We can recommend lenders to you.

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