Sacramento home buyers and home sellers as well as investors often ask this question and by the time everyone has the answer, months will have been lost since that is a question that only is answered once real estate begins the upward swing.
As I stated in the video, I have never seen interest rates so low and I can honestly tell you that many homes have reached what they sold for in the year 2000. So, with that said it is prudent to purchase a home in my opinion before prices do escalate and definitely before interest rate rise.
What do you think? Do you think real estate has hit bottom?
Currently, I am working with First Time Home Buyers who realize today’s prices are fantastic and the home buyer can get more for their money now than they could have over the past 4 years.
When purchasing a home as an FHA home buyer it is necessary that you have 3.5% of the cost of the home you want to buy as your down payment. Obviously, the first step is to call a reputable Lender that your Realtor refers you to and get an idea of how much home you can afford. The Lender will be able to tell you what your payment would be per month based on the sales price and from there you as the home buyer can decide what you feel comfortable paying each month.
Not everyone should be a homeowner. If you have saved for your down payment and are responsible with your money, then buying a home to call your own might be for you. There is nothing like knowing that where you come home to each night is yours. You don’t have to worry about someone raising the rent or telling you to move out because they are selling.
I have compiled quite a few real estate videos fro Home Buyers that will help you through the process of buying a house and what to expect.
If you are ready, give me call and let’s get you PreApproved for a loan, find out what you feel comfortable paying for a house payment and the type of home you would like to live in…I can’t wait. I love working with First Home Buyers!
In the meantime, take a look at all the Sacramento homes for sale on Sacramento Real Estate Neighborhoods.
Other Sacramento Real Estate Videos:
Sacramento Homeowner Tip About Rain, Leaves and Gutters
Sacramento Home Buyers Can Save Money Tip
Tip for Sprucing Up Your Home
How Much Money Do Home Buyers Need to Buy A House?
This entry was posted on Friday, January 7th, 2011 at 5:30 am and is filed under Sacramento Real Estate Videos. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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