THINKING POINTS FOR BUYERS 
- The doom and gloom you're hearing about in the mass media should not affect your decision to act if you are ready, willing, able and eager to do so. - Prices may still go lower, but as soon as they hit bottom, they will rebound with a vengeance, quickly wiping out any advantage you might gain by waiting.  - Right now, you have an unusually wide selection of properties to choose from, including those owned by people highly motivated to sell immediately. - With so many potential buyers holding off, you have a much smaller number of people competing with you for the available properties. - When the turnaround comes, those "waiters" will be your competitors, making your offer less attractive to those selling their homes. - Financing is still available at historically low interest rates, but are sure to escalate when activity resumes at more normal levels. - Even if you SHOULD pay a little more than you would if you actually hit the "bottom" of the market, normal appreciation would make the difference irrelevant within a few short years. - If you as an individual ARE ready willing, able and eager to make a move, the time for action is NOW!
From the "Dutch Uncle" Joe Klock |
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Buying Services for Vermont and St. Albans Home Buyers
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Congratulations! You have decided to purchase a home, or are thinking about buying one. You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.
In the following reports, you'll find the information you need to make a wise
buying decision. We'll take you through the planning process step-by-step , to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.
Please contact me if you have any questions about buying a home in St. Albans or elsewhere in Vermont. |
Below, select desired reports and complete the form provided.
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Weekly thoughts for Buyers
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Home Base
INFO THAT HITS US WHERE WE LIVE You have to look very hard to find these facts in the mass media, but in the first week of January, mortgage applications rose more than 30% over the previous week. One investment strategist commented, "There seems to be some pent-up demand." No kidding.
Last week you may have witnessed the media hand wringing over Housing Starts (lowest number in 16 years) and Building Permits (lowest in 12 years). Here are the significant facts about all of this....
While the current situation in the home building industry isn't pleasant, it is in fact what we need to see to bring the housing sector back to normal. Single-family housing starts are down to an annual rate of 794,000. Historically, at least 300,000 units a year are started on plots already owned by the homeowner (knock-downs and formerly vacant land). This means that developers are building less than 500,000 new homes, which is LOWER than November's 647,000 annual rate of new home sales by developers. Yes, folks, starts have fallen enough to trigger an eventual decline in the inventory of unsold homes!
We keep saying 2008 is the year for smart buyers to buy. And the numbers just keep supporting that position! |
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