Homeownership can be very exciting. Equity building, tax deductions, a sense of pride and a place to decorate to your specific taste are just a few reasons why owning a home is often referred to as “The American Dream.” However, just as Marvel Comic superhero Spider-Man was warned, “With great power comes great responsibility.” And homeownership undoubtedly is one of the greatest forms of responsibility you may take over in your life.
We’ve all heard it’s a great time to buy – and it truly is….if (and it’s a big “if”) you are emotionally, physically and – most importantly – financially ready. If you aren’t prepared to change your lifestyle, you aren’t prepared to own a home. How do you know if you’re ready to buy? Ask yourself these questions:
Home buyers in the Milwaukee area continued to take advantage of the rejuvenating economy and historically low interest rates as home sales in the area grew 24.6%, compared with 2011. More than 16,000 total homes were sold in 2012; the best year since 2007.
Sales were strong throughout the year, including the fourth quarter when sales typically slow down. The fourth quarter of 2012 saw a 23.1% increase, when compared to 2011′s fourth quarter.
Remember today, January 27th is a Coldwell Banker Residential Brokerage Open House Event where you can enter a drawing for a Google Nexus 7 tablet when you visit a Coldwell Banker Residential Brokerage open house.
For a complete listing of our open houses please visit: www.CBOpenHouseWI.com.
We look forward to seeing you!
On January 27th, February 10th and March 3rd, Coldwell Banker Residential Brokerage agents will host a special ‘Open House Event.’ Consumers that attend a Coldwell Banker Residential Brokerage open house on these dates will have an opportunity to register and enter a drawing for a Google Nexus 7 tablet.
If you’re thinking about buying a home, the time to buy is now! Interest rates keep falling to record lows. According to Freddie Mac (FMCC, Fortune 500), rates have fallen to their lowest point in over forty years. The average fixed rate on a 30-year loan fell to 3.31% from 3.34% the previous week in addition to the rate on a 15-year fixed rate loan also dropped to 2.63% from 2.65% in a one week period.