Tuesday, June 24, 2008

Buyers' Market Is Here!

There are still low interest rates, motivated sellers, and "let's create"!

The only thing that's missing is 100% loans, replaced now by 97% loans.

Some sellers will pay closing costs of 3% which on a $200,000 home amounts to 6%.

Personally I think we're at the bottom of the market now and starting to rise out of it. I'm seeing lots of contingents and pendings now.

So call today as at any time the mortgage market could get tougher and 97% could be replaced by 95% loans. I heard last week from a local lender that they received such notice from one lender already.

Click here to read more in the article, "Home sellers turn inventive with unusual incentives" by Brian McNeill from the "Daily Progress" newspaper

email: Kehoe@Move2VA.com

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