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Great reasons why now be one of the best times ever to buy.
Low Interest RatesTHAT WAS THEN In the summer of 2003, interest rates for a 30-year fixed rate mortgage were at a 30-year low. As the market heated up, there was an overall increase in interest rates over the next three years. THIS IS NOW Despite recent increases in mortgage interest rates, they are still near historic lows.
THE OPPORTUNITY As the market heats up again, interest rates may be on the rise. Locking in a low interest rate now, will save you money on the purchase of your home. Home Inventory THAT WAS THEN From 2003 to 2005, there was a dramatic increase in demand for real estate in Englewood. With more buyers chasing fewer properties, buyers were often forced to make quick decisions, compromises, and sometimes had to pay higher than the asking price. THIS IS NOW With a large inventory of available homes, the buyer has many more options. The buyer can now take more time, see more homes and find the home they really want, often at a great price and with great incentives. THE OPPORTUNITY While there is still a large selection of homes, more buyers are entering the market and the current inventory is begining to drop. As the number of available homes diminishes, the buyer soon will have fewer options and less flexibility. The time is NOW to find the home you want. Incredible Values THAT WAS THEN Between 2004 and 2005, home prices in Englewood increased by over 30%. With double digit increases in nearly every quarter, there was no such thing as a bargain in Englewood real estate. THIS IS NOW In 2007, sellers have adjusted prices to reflect the market. There are incredible values currently on the market. THE OPPORTUNITY Historically, real estate prices in Eglewood have risen over the long term. While there is never a bad time to buy, some times are better than others. Now is that time. Prices appear to have bottomed out. Find your bargain now before the great values disappear.
Imagine THAT WAS THEN Imagine if you would have known 10 years ago what you know now. Did you think that prices were too high in 1997, 1987, or 1977? In hindsight, you woulda, coulda, shoulda bought that home. THIS IS NOW With the large inventory of available homes and the best prices since 2002, the opportunity to find the home you want at a great price is now. It is the right place, right time, and right price. THE OPPORTUNITY How long will this opportunity be here? Data for the third quarter of 2007 shows an increase in sales and stability in prices, with a slight decrease in inventory. Don't wish you had, be glad you did. |