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Great Time to Buy a Home

June 9th, 2008 9:42 AM

Newsletter

June 2008

Belinda

(508) 446-5693

Should You Consider Buying a Home in the Current Market?
By Deanna Sletten
Photo: © Justin Horrocks / iStockphoto

The current real estate market is definitely a buyer's market. With the high availability of homes on the market and interest rates at historical lows, this is an opportune time for buyers to purchase the home of their dreams at an affordable monthly payment.

If you have been saving to purchase a first home and have a good credit score and very little debt, then this is the perfect time for you to buy a home. Not only will you have a variety of homes to choose from, some that may not have been affordable if the market had been different, but you will also be able to obtain an affordable loan payment at a low fixed-rate interest rate.

Be cautious, however, not to buy beyond your means. Consider all the costs of home ownership, such as upkeep, and taxes and insurance, before you buy.

This is a great time for renters with a stable income to consider purchasing a home. With so many homes on the market, many due to foreclosures, you may be able to find an affordable home that requires very little down. You could even look into purchasing a small home, holding it until the market turns upward, then selling it so that you can move up into a larger home.

Newly retired couples, who have their home paid for and a good retirement, may find this is a good time to purchase a vacation home. With the good interest rates and the lower home prices, they may find a good deal that they otherwise may not have been able to afford.

For those who have money to tie up, this may be a good time to purchase a home as an investment or rental. As a precaution, it is important that you can afford to hold on to the property for a while. Use your purchase as a rental property for a few years. When you're ready to sell it, you'll find you've made a good investment.

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Belinda - (508) 446-5693

Newsletter - June 2008

Belinda, Next Level Realty, 112 Arlington Avenue , Arlington MA 02464
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The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice.
If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.
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Posted by Belinda Arroyo on June 9th, 2008 9:42 AMPost a Comment (0)

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Credit Restoration and Debt Settlement

June 6th, 2008 12:08 PM

Anyone that knows me,can tell you that I am one who gets enormous gratification from helping others. With the economy at an all time low,people can no longer pay their bills. This is why I felt that it was a sound investment to add credit restoration and debt settlement to my resume, along with real estate.Debt settlement entails reducing the amount of your unsecured debt by pennies on the dollar. Credit repair entails removing negatives from your credit report.Thus raising your fico score.Negative credit can keep you from purchasing a home, getting an apartment, insurance,car,even a job. It also results in you having to pay much higher interest rates on anything that you do get on credit. This is a problem that also impacts my business and a lot of other businesses. Its time for you to do something about your negative credit rating.Get started!Contact me if I can be of help.

Posted by Belinda Arroyo on June 6th, 2008 12:08 PMPost a Comment (0)

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