DECIDING TO BUY

Normally, a home buyer chooses a home to buy and when to buy it by weighing his or her personal needs and preferences. However, things have temporarily changed. During certain time periods, such as when interest rates are low and the real estate market is hot (as it has been recently), many more consumers suddenly enter the marketplace as potential home buyers. And it's not hard to figure out why.

Lower rates mean lower monthly mortgage payments. And, lower rates allow more people to qualify for loans. Interest rates on mortgages recently fell to the point where it was possible for home buyers making a higher down payment to purchase a mortgage with an interest rate as low as 6 percent.

The real estate market has been in a great position this past year, with sales for new single-family homes and resales reaching a high point, thanks to low interest rates, high consumer confidence and a strong demand for first-time homes. So, if you're thinking about buying or selling your home, hit the market while it's hot. Give me, your real estate professional, a call today. I can help you with all of your real estate needs.

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