It's A Great Time To be A Buyer!

It's A Great Time To be A Buyer!

Don't Be Scared Off By The Media Negativity...
Be Smart. Buy Now. Lots and Lots of inventory. Sellers understand they need to negotiate and interest rates remain remarkably low. Cut your own deal. Buy now and in a few years when the market rebounds (and it always does),you can pat yourself on the back and congratulate yourself on your brilliant strategy.

In 1982 interest rates went as high as 18% and 19%. The banks were charging 4 and 5 points and guess what? People were still buying vacation homes at the shore. Sure, the tax code was different then. (That helped)
Back then we did not have a dozen cable channels 24/7 with non-stop repetitive negative coverage hyping fear about the state of real estate market. Non-stop negative press is scaring off some folks who would really like to jump in and buy a property.

If you are one of these people who would really like buy a home please try to ignore all the negative press and understand real estate is cyclical and at the moment the market is undergoing a natural correction. A correction does not equate to a crash.

We just came off four years of insane sale prices with sellers and speculators securing a full price buyer as soon as the ink was dry on the listing. Those days are gone. Forget about it. Today's seller realizes he needs to negotiate. If you are ready to own a home here at the shore, step up and make a deal.

30 year fixed Mortgage rates still remain between 6 and 7%....this is a 45 year low!
Let's take a look at a home for $300,000 with 30 year fixed mortgage at 6.5 interest rate (with no money down.) Your monthly mortgage payment would be $1896.20. Back in 1991, your interest rate would have been 9.25% and that same mortgage payment would have bought a house worth only $230,492. In 1982 a 30 year fixed rate was 14.6% and same monthly payment bought a house worth only $151,657.

Take a look at the homes now on the sale market. Find one you like and make your offer.You'll be glad you did.
Call me. I love to talk Real Estate 800.708.5792
http://Nancy@NancyMAlexander.com
http://NancyMAlexander.com
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008

Before You Leave For Vacation...

Spring break should be a relaxing time, especially if you’re
planning to go on vacation. But preparing your home for
your departure can be stressful. Whether you’re leaving
home for a week or a month, you can rest easy with these tips for
keeping your home safe while you’re away:

• Arrange for someone to do seasonal maintenance, such as
mowing, raking or snow removal.

• Have mail or packages picked up by a
friend, forwarded or held by the
post office.

• Stop newspaper deliveries and ask a
neighbor to pick up freebie newspapers
and circulars.

• Lower your telephone ringer (and
answering machine volume) and never
leave an outgoing message that says
you’re away.

• Use timers to turn lights off and on at
the appropriate times. Compensate for
having lights on when no one’s home by
turning off other appliances that are often
left on, such as DVD players, computers
and microwaves. Also consider connecting a radio to a timer.

• Leave blinds open in their usual position.

• If you live in a cold climate, keep the heat on just enough so
that the pipes don’t freeze.

• Ask neighbors to park their car in your driveway.

• If you leave your car in the driveway, be sure to remove the
garage-door opener from plain view.

• Double-check all doors and window locks.

• Tell a trusted friend or neighbor where you’ll be.

Sources: Travelocity.com; Tripso.com; Insurance Information Institute

Hope you find These Tips Helpful!
Nancy@NancyMAlexander.com
If I can help you in Selling or Renting your home at the shore,call me at 800.708.5792. I Love To Talk Real Estate!
http://www.NancyMAlexander.com

Like Politics, Real Estate Is Local !

We sell Real Estate home by home and neighborhood by neighborhood. The national media can't tell you about market trends in your community. So trust in your Realtor. We know the neighborhood and can give you specific market information for your area. This has always been true .The news media continues to dwell on the negative. Here at the shore,in the Stone Harbor and Avalon market, the market correction with reduction in sale prices makes for some phenomenal deals . It is the time to recognize the positives of this downturn in price. Now is a great time for a buyer to get into the market. Don't be bashful about making an offer.
If you want to discuss market activity, please e-mail me at http://Nancy@NancyMAlexander.com,or you can call me at 800.708.5792. I love to talk Real Estate.
http://NancyMAlexander.com
Looking forward to hearing from you!

Nancy



href="http://NancyMAlexander.com">
CONTENTS COPYRIGHT NANCY M. ALEXANDER 2008