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Is now a good time to buy? 

Submitted by marie on Mon, 02/06/2012 - 4:03pm
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I hear this question quite often. As well as "Is this the bottom of the market"?  I think the better question is "Can I afford to pass up the opportunity to buy a home at 3.875% - 4.0% interest rate, fixed for 30 years?" I ran some comparisons and here it is in black and white what a typical 3 bedroom ranch style house in Dartmouth sold for in 2007 and same typical 3 bedroom ranch style house sold for in 2011.  In 2007, the sold price was $317,000 and in 2011, the sold price was $229,000. A savings of $88,000 or 28%! the biggest difference was in interest rates; in December of 2007 the interest rate was 6.5% and in 2011 the interest rate was 4% (3.75% during a few days in December). By comparison the monthly payment for these two scenarios was $1903 in 2007 and $1055 in 2011. (Using 5% downpayment and not including PMI). A total savings of $848 per month. Housing is more affordable today than at almost any other time in history.

Let’s turn this economy around! 

Submitted by admin on Tue, 08/30/2011 - 11:48am
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Even though the tax credit expired, buyers can still find ways to off set the costs of buying a home.  Seller incentives with closing costs, up front mi insurance and buy downs are a few. Let’s get creative and help people buy and sell homes and we can turn this economy around!

Tick Tock Tick Tock…. 

Submitted by admin on Tue, 08/30/2011 - 11:47am
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The clock is ticking…. and buyers are racing to beat it!  Have you picked out your home yet?  It’s getting down to the wire and decent properties are scarce.  Hurry April 30 is fast approaching!!!!