ShareThisHappy New Year! Happy House Hunting!
It’s now 2011! Will this be the year you finally start the process of purchasing your new home? I believe there will be great deals still available in 2011. Don’t wait until interest rates get to 6% before you decide now is the time to buy. My last client that settled on December 29,2010 received an interest rate of 4.50%. I don’t know how long rates will remain so low. As the economy gets better and consumer confidence begin to increase so will interest rates. We still have a lot of short sale and foreclosure properties on the market. I don’t see us having a reduction of distress properties for at least a couple of years. My clients received good deals on short-sales and foreclosures in 2010. Bank are trying to get as many of these properties off of their books as possible. Interest rates are still low, inventory is plentiful, Banks as well as sellers are willing to work with buyers the best they can. This will create good opportunities for buyers again this year.
2 Responses to “Happy New Year! Happy House Hunting!”
January 29th, 2011 at 9:48 PM
Hello,
When will the funding for DSELP and MALP program become available for 2011.
Thank you for your response.
Sharon
January 30th, 2011 at 7:42 PM
Hello Sharon,
The DSELP and the MALP programs are available now. Also Federal Home Loan Funds are available now also. Up to $7,500 towards your down payment and closing costs. Do not hesitate to contact me for more details.
Leave a Comment