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IS IT TIME TO BUY YOUR HOME?
I can't stress enough the importance of taking advantage of our local real estate market.Call your REALTOR who can assist from pre-qualification of your financing, to finding your dream home. Let me point out a few reasons why this is the right time to buy your home and some statistics to think about.
- Nice inventory of homes in most price ranges.
- Sellers have priced their homes competitively.
- Mortgage interest rates are 5% as of 8/17/09
- 1st time home buyer $8,000 tax credit- a real $8,000!
- High FICO scores can offer qualification discounts.
- Contact your local REALTOR for bank and mortgage company contacts.
- Calculate your estimated mortgage loan payment by using the current interest rate which translates to between $6.00 - 7.00 per thousand financed including principle, interest, taxes, and insurance (PITI).
- 650 Homes available: 100 homes under $100,000; 400 homes between $100,000- $200,000; and 150 homes over $200,000.
- Did I mention the $8,000 1st time home buyer tax credit? Contact your REALTOR for all the details.
If you look at our local market compared to a majority of the country, we're in such a better place for real estate, which makes me feel extremely fortunate to live here and be able to afford the purchase of a home. The National Association of REALTORS forecasts that Idaho will be one of the 1st states to recover. So contact your REALTOR and make your next investment a place you can call home.
WIN THE DAY!
Gary Seymour
President of the Greater Pocatello Association of REALTORS
Brought to you by your Greater Pocatello Association of REALTORS
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