"Thoughts of a Realtor"

Interest rates are increasing.  You have heard about it and you are now starting to see the fluttering signs of inflation.  Ok, that is a little dramatic but with the treasury issuance of the large amount of US debt the interest rates are starting to climb.  Why does this matter to me?  Well, let's think about it this way.  As a rule of thumb if interest rates climb 1% you will need the homes to decline 10% to pay the same amount monthly.  Wow!  Pretty shocking huh?  I can promise you in our market if you think that we are going to get a decline of 10% in home values anytime soon you are crazy.  It will not happen.  If anything, if the fed does not handle inflation properly, we will see home values surge.  Think about all of the stimulants that have been sent by the fed.  This is  your time to buy or move up.   For a more detailed consultation of your paticular situation please feel free to give me a call at 405-922-2968 or visit my website at www.JasonSellsOklahoma.com

Although you wouldn't be able to tell by the local or national media the market is gaining strength.  Take some time an go by Trulia.  You will notice pending sales are up for our market.  What this means as that buyers are starting to come out in groves and the lagging market has pinned up demand.  Although we are not seeing increases in sales prices yet, we will.  Once there is more demand from buyers than the current inventory allows prices will adjust.  Let me ask you this if you don't believe me.  Have you seen any new construction lately?   Ofcourse you have maybe not to the lengths of 06, 07, and 08 but you are still seeing homes built.  What has happened is there has been a house cleaning of sorts in real estate.  The old "only the strong survive".  This is a better real estate market for both sellers and buyers.  Why?  Because you get the best people with the availability to serve you properly.  Think about it, why would you trust your largest asset purchase or sale to anyone but a professional.  If you have any questions please visit www.JasonSellsOklahoma.com or email me at jason.nedrow@century21.com. 

What is this?  Well the state decides where the best development for the state would be and therfore makes incentives for people to live there.  How does it help me?  Well, if you are interested in an area that qualifies for rural development you can get assistance with your down payment.  Therefore, if you are a new buyer and want a home we can basically get you in a home with no money down and with the tax credit of $8,000 you get money back when you file your taxes.  Seems pretty good to me.  I don't know why any buyer that has this education wouldn't buy now.  There is also a bond issuance available to assist with down payment.  All you have to do is have the seller pay your closing costs and you can get out from under your rent for a sound real estate investment.  NO BRAINER?  For more information visit www.JasonSellsOklahoma.com or call 405-922-2968.

Although this is a large topic, I think it boils down to just one question.  Should you be buying a house?  Whether you are looking at owner occupied or an investment property you need to ask yourself this question.  The reason.  With financing the way it is can you get approved.   The banks will not approve you if you are not fiscally responsible and do not have the ability to make the payment and/or have money down. 

There are some options for you:

1.  Bond or Rural Development Loans- These will help you with that notorious down payment but certain restrictions apply as far as income and are.  These also only apply if the bond is available and if you are owner/occupying the home.

2.  Investment Property - This is a great time to buy single family residential investment property.  Why?  Well think of it this way.  If you have the sufficient capital down why wouldn't you.  The people need to rent.  They haven't somehow just gone away since the housing inventory has increased.  That means the rental market is strong.  When the market switches you simply assess the value and see if it makes sense for you to go ahead and sell.  You could also do a variation of a lease/purchase which has so many benefits I can't begin to touch on the subject. 

Every purchase is different and the ROI or best investment is here for the taking.  You just need to have it together.  Make your mind up to go against the market.  These are the times you can be a part of the biggest transfer of wealth we have ever seen in our lifetime.  If you have additional questions or would like consultation for you situation, please visit www.JasonSellsOklahom.com or email me a jason.nedrow@century21.com.  Be a leader not a follower and you will be glad you did.