Stock markets are falling, but so are interest rates, which is GOOD, GOOD, GOOD NEWS. Good day to you ! I needed to make you aware of the continuing drops in rates. If you are on the fence, what are you waiting for, let me help you lock in a rate today!! Thanks, have a great rest of the week ! --------------------------------------------------------------------------------
Loan amounts of $417,000 or less, priced with a 30 day rate lock: 15 year fixed: 5.125% with 1 point 5.250% with 0 points30 year fixed: 5.250% with 1 point 5.500% with 0 points5/1 ARM: 5.250% with 1 point 5.375% with 1/2 point 5.500% with 0 points7/1 ARM: 5.500% with 1 point 5.625% with 1/2 point 5.750% with 0 pointsFHA 30 Year Fixed 5.500% with 1 point 6.000% with 0 points * subject to acceptable appraisal, credit ,income and owner occupied. Rate may vary based on loan size and LTV. Rates not locked.** 80% LTV maximum
The homebuyer tax cedit is still in play, so if you are waiting, STOP WAITING. Homebuyer Tax Credit - a $7500 tax credit that would be would be available for any qualified purchase between April 8, 2008 and June 30, 2009. The credit is repayable over 15 years (making it, in effect, an interest free loan).
·VA loan limits - temporarily increases the VA home loan guarantee loan limits to the same level as the Economic Stimulus limits through December 31, 2008.
So, you ask why should we buy now. Money is tighter, making it impossible to buy unless you have good credit. Prices have dropped approximately 22.8% since 2006 and the housing market has started to level out over 2008. 2009 might remain level, but by the end of 2009 the market will begin to rise. Prices will increase and seller's will no longer be in a position where they have to lower their price or pay anything for the buyers (closing costs, points, etc.) You have waited too long.
Why not buy now, when the seller's are willing to help you with your closing costs. You will have a whole year to fix up the home of your dreams and then you will have, not only a beautiful home, but one that is appreciating and giving you a financial nest egg. This is what the AMERICAN DREAM is supposed to bee. Not the buy it, fix it up, sell it and make a fortune. That is what started this whole mess. GREED.
The shakeup of the real estate industry will continue and lenders, title companies, and real estate agents will continue to drop like flys. The professional real estate agent will be left to help you thru the wonderful process of home ownership. THE AMERICAN DREAM......
NOW IS THE TIME TO BUY A HOME.
Work with the best. The Nystroms have been in business since 1979 and will continue to strive for the honor of being your Realtor for life. Want to know more? Feel free to contact us at anytime at 602-955-9999.
ZIP Code: 85323 Location Characteristics: Avondale is conveniently located off the I-10 and 101 freeways, minutes from downtown Phoenix. It has been one of the fastest growing cities in recent years. There is a lot of shopping and entertainment options at your fingertips. The newest West Valley mall is opening next year in the neighboring city of Goodyear.
About Doug, Peggy and Becca Nystrom:
The Nystrom Team has been helping families in Phoenix since 1979. We have seen the full circle of market conditions more than once. Peggy has lived in Phoenix since the mid 70's, while Doug and Becca were born and raised here. We have seen the Valley grow into the nation's 5th largest city.
Our Resume:
E. Douglass Nystrom, Designated Broker
Doug went to Point Loma University, earning his bachelor’s degree in Political Science. However, having grown up around real estate, he decided to come home to help grow the family business. He received his real estate salesperson license in 1997. In 2002, he earned his broker’s license and Nystrom Realty was formed. Doug is the tech whiz of the group, always looking for new technology to stay one step ahead of the competition and ultimately, out market them. He has taken over a large part of the marketing since becoming broker. For an example, visit www.NystromHomeTours.com. Doug is currently working on obtaining his GRI designation.
Peggy J. Nystrom, Associate Broker , CRS, GRI, ABR, e-Pro
Peggy earned her real estate salesperson license in 1979 and her real estate broker's license in 1984. Peggy is a Graduate of the REALTOR Institute (GRI). In 1996, she also received her ABR designation (Accredit Buyer Representative), one of less than 25,000 REALTORS who have this designation. In addition to this, she is one of the few agents who took the time to earn the Certified Residential Specialist designation. In 2003, she completed the courses for the e-Pro designation, which is for advanced real estate computer/internet skills awarded by The National Association of REALTORS. Peggy's first 10 years of real estate were spent handling the escrows and making sure the sale closed by working with clients, lenders, title companies, inspectors, etc. Her husband, Earl, handled most of the upfront business. When he started a real estate supply business 17 years ago, Peggy took over all aspects of the real estate business, including the listing of properties, negotiating contracts, and closing the sale.
Rebecca A. Nystrom, Real Estate Salesperson, WCR
While attending Grand Canyon University and Western International University, Becca began her career in the world of finance. While at Discover Card Financial, she was the recipient of numerous awards, including the coveted Raymond A. Kennedy Award for employee excellence. Becca earned her real estate salesperson license in 2003 and is currently working on her GRI designation. She is an active member of the Women's Council of Realtors. Becca is also active in the community, including working with youth and the homeless.
Our team consists of just the three of us. We are a small family firm focused on providing individualized attention to each and every client. We do not have assistants, because we believe that you are hiring us, not an assistant. We do not try to be the biggest agents in town, because those agents often lose sight of the most important aspect, you, the client.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
