In todays busy world we want you to get the best information quickly and concisely to stimulate questions from you about buying.  At Destiny Real Estate we believe a picture is worth a thousand words.

If you've been on the fence about buying a home, here are some reasons to explore the other side: Record low interest rates. The average rate for a 30-year fixed mortgage was 5.12% last week, the lowest level since the end of May, according to mortgage giant Freddie Mac.  In addition to low rates, incentives that might be available play a critical role in the overall decision to buy.

A $200,000 mortgage at 5.375% has monthly payment of $1,404.94
at 7% that same mortgage payment $1,615.60 ($210.66)
And god-forbid, at 8.5% the payment is $1,822.83 (417.89) or a new car or accelerated retirement planning.

You may have to identify several properties because much of the discount-priced homes you’ll see are “short-sales” and the sellers agent is beholden to their skill level and the bank(s) efficiency in processing the request.  Foreclosures and motivated sellers with equity are other great avenues to pursue.  Listing agents who treat a short-sale like an endless closed bid add more uncertainty and you should avoid these listing agents.