Whether you are a first time buyer, move up buyer or investor, there are some great reasons why this is a perfect time to make your move!
Interest rates: The rates on a 30 year mortgage have fallen to the lowest level in decades. Today’s rates of 4.19% are common…that is the lowest on records dating back to 1971.
Home values are low: The decreasing values have leveled off and home values, while stable, are still much lower than they were five years ago. The average selling price in North Seattle (data obtained by using NWMLS statistics) in 2007 was $482,370. The average selling price in the last 12 months was $416,413. This is an average reduction in price of 14%. Combine these prices and 4.19% interest rates …wow! Current home affordability is very attractive.
Ample inventory of homes to choose from: The inventory of homes for sale in North Seattle was 838 homes at the end of September, 2010. The sellers are, for the most part, now realistic and motivated to make you a deal…what are you waiting for?
Contact Ann Babb-Nordling (Ann@AnnBabb.com) today, she is an accredited buyer representative/certified negotiation expert and she is ready to guide you through the home buying process! You can also sign up at tristarteamre.com to receive daily emails of new homes as they are listed on the market.