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April 2008 Archives

For most buyers, it's a great time to buy !

Posted by Mike Parsons
April 14, 2008 at 11:19 AM

If you are a first time buyer who doesn't need to sell a home , you have an upper hand in today's market . Mortgage interest rates are at historic low points. There are over 17,000 new and resale homes that offer a tremendous selection. For investors who like to hold real estate for the long term, today's market is a goldmine. The properties competeing for buyers along with the low interest rates make this a perfect investor market. For the move up buyer, today is a great time to sell and move up. If your home was valued at $300,000 last year yet you might sell it for $270,000 today, you may have lost the opportunity to earn the $30,000 difference. However, you can assume that the $500,000 home of your dreams also is selling for 10% less, thus saving you $50,000 on the price of the new home. Guess who comes out on top...you do !
To find your perfect dream home , call The Parsons Real Estate Group !

Low interest rates are keeping our market strong!

Posted by Mike Parsons
April 10, 2008 at 04:43 PM

Mortgage rates are the biggest factor in determining how much one can afford, so when rates are as low as they are today, you and I have incredible buying power. How low are they ? People who bought a home in 1963 were paying the same rate that is available today. A lower interest rate means you can afford more home. A lower interest rate will save you thousands of dollars over your lifetime. Financing is readily available for those with a steady job history and a suitable credit rating. Lower interest rates mean many first time buyers may finally be able to afford a home.
Call the Parsons Real Estate Group to talk about the advantages of buying a home today !

Central Ohio's Housing Market is Healthy and Stable!

Posted by Mike Parsons
at 03:29 PM

All real estate is local in nature, yet the media often quotes national trends and statistics. Central Ohio is a healthy and stable marketplace. Over 24,000 homes sold in Central Ohio in 2007. According to a Forbes.com report Columbus is the 7th most affordable place to live well. A Forbes and MoodysEconomy report called Columbus the 3rd most stable housing market in the country based on the strength of our economy,the affordability and availabilty of housing and the availability of the local credit markets. Home sales are affordable ! the average sale price of homes in Central Ohio continues to be considerably lower than the national average. 2007 was the 4th best housing market in history coming off the biggest housing boom in years 2003-2006. Home prices have a steady increase of 40% over the last decade. The chief economist of the National Association of Realtors considers Central Ohio undervalued. Housing prices are lower than what experts would expect . In Summary, The Grass is Greener here ! Call The Parsons Real Estate Group to buy or sell your next home !

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