Sat an awesome Open House yesterday with my favorite mortgage broker. We shall do it again this coming Sunday if you want to come visit. Click the link for further info.
The topic is the amazing amount of people that are looking to buy in today's market. The news states that the consumer is wary of purchasing but the buyers that came in yesterday are very interested in taking advantage of the low prices and the low interest rates.
The house I sat yesterday was worth well over a 1.3 or 1.4 million in the recent height. Getting it for under a mill, on the lake? Awesome!
And, the guests thought so too. Many, as usual for open houses, were looking at a lesser price range but still were impressed with what could be had for the price of the home we held open.
My mortgage broker discussed loan options with people, I discussed housing scenarios. We were a great team.
But, our discussions when there were no guests were the best. We actually had some time to discuss where he thought we were going, where I thought we were going. Pretty close in idea, pretty close. But, we both felt that the 2012 election would have an impact. AND, that things needed to change for our economy to re-build itself. And, that those things were obtainable.
For now, buying is awesome. And, I say hold onto your homes for 5 years if you buy now. Investor? Yowza, awesome time to buy! First time buyer, fantabulous!
And...... if your a Standard Seller, super nice!!!
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