buyers market
DESCRIPTION
Real Estate in the Roanoke Valley Virginia is in a buyers market. It is arguably the best time to buy a home.TRANSCRIPT
IT IS A BUYER MARKET!
Walter Grewe III Realtor, SFR, A-REO
Roanoke Real Estate Team
Long & Foster Realtors
3906 Electric Rd SW
Roanoke VA 24018
Phone: 540 772 9214
Fax: 540 989 7076
E-mail: WaltSell-
Getting you the best results with the
least hassle.
For the first time in history, amid increasing concerns globally, the
average rate for a conventional 30-year, fixed-rate mortgage
dropped below 4% according to Freddie Mac.
The historic lows in interest rates creates a significant
opportunity to save a large amount of money over the life
of a mortgage compared to rates a few years ago.
With average home pricing down to where it
was over 8 years ago the market for home
buyers is arguably the best it has ever been!
The interest rate savings coupled with the
depreciation in the current housing market due to
the downward pressure of foreclosures creates an
almost perfect environment for home buyers.
Based solely on these average nationwide numbers the
amount of money that could be saved just from the interest
rate decrease this year over the span of a 30 year mortgage
would be $21.13 x 12 months x 30 years = $7606.80
The bad news for people
who are currently renting
and will continue to rent is
that rents are increasing!
So you can see that the cost of
owning a home has decreased while
the cost of renting has increased.
Experts predict that as the housing crunch eases
over the next few years modest appreciation will
begin in the housing market once again.
Nationwide polls show Americans overall are very
positive about owning a home and with the
current housing market significantly in favor of
home buyers now offers an opportunity to provide
security and piece of mind for yourself and
your family for years to come.
It is a buyers market, so use a buyers agent!
The listing agent works for the seller.
I will work for you, in your best interests at all time.
Home buyers deserve to have someone on their side
providing them with as much information about the poten-
tial home they want to purchase as possible.
As a buyers agent representing you I can provide you with a
comparable market analysis of your potential dream home.
The time is right to buy and you should buy your new home
right!
Get the best results with the least hassle.
Call or email:
Walter Grewe III
Phone: 540 537 9281
Fax: 540 989 7076
E-mail: [email protected]
Long & Foster Realtors
3906 Electric Rd SW
Roanoke VA 24018
Licensed in Virginia