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More affordable homes in this market!

by Galand Haas

 

Good Monday Morning!

One of the things that I see happening in this current Real Estate market is the fact that many people who previously could not afford to purchase a home are now finding themselves able to buy a home.  This has been set up by the fact that home prices have declined significantly over the past two years and mortgage interest rates remain at a historic low level.  This combination of events has made home ownership a reality for many who just simply could not quailfy for home purchase just a short time back.  With a local Real Estate market that very well may be hitting bottom, the chance for many buyers to take advantage of this situation could be short lived.  Once home prices begin to climb out of the hole, homes will certainly become less affordable for buyers who are on the edge with their financing.  The other wild card of course is the mortgage rate uncertainty.  An increase in home prices along with any kind of escalation in mortgage rates could spell disaster for many of these buyers.

My suggestion at this time is very simple.  If you would like to purchase a home, don't delay.  Visit a reputable lender and find out what you might qualify for in this market.  You might be pleasantly surprised.  If you need the contact information for a good lender, please contact me.  I have several very good local lenders that I would suggest.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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5075 G ST, Springfield, Oregon

Price: $130,000.00

Beds: 3

Baths: 1

Sq Ft: 968

Description: Very charming home with well-landscaped front & back yard. Completely remodeled inside with fresh paint, new carpet and flooring throughout. Fantastic garage with work area. Well-fenced & spac ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Monday Morning Real Estate Update 11/26/07

by Galand Haas

Good Monday Morning!

Nothing like a little bit of chilly Winter weather to help us feel in the Holiday spirit!  Christmas is just around the corner.

This message is specifically for anyone who has purchased a home with an adjustable rate mortgage, (ARM).  If your loan is due to adjust within the next 24 months and you plan on living in your home past that time period, it would be a very good idea to think about a refinance of your existing ARM loan right now.  We know that rates are good today and this would take the gamble out of potentially higher rates at the time of your ARM rollover.  If your current lender is offering deals, take a hard look, but also shop around.  I have a list of some very good and competitive lenders.  If you would like a list of these lenders, send me an e-mail.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Photo of Galand Haas Team  Real Estate
Galand Haas Team
Keller Williams Realty Eugene and Springfield
2644 Suzanne Way
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411

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