We all hear now is the time to buy....lots of inventory, prices are down and historically low interest rates...
Case Shiller (9/10) gave the following report of actual savings .......
Case notes that four years ago, the monthly payment on a $300,000 house
with 20 percent down and a mortgage rate of 6.6 percent was $1,533.
Today that $300,000 house would sell (on average) for $213,000 and a
30-year fixed-rate mortgage with 20 percent down would carry a rate of
about 4.2 percent and a monthly payment of $833. What's more, the
20-percent down payment would be knocked down to $42,600 from $60,000.
Talk about affordability in New Hampshire real estate...we believe more buyers would step up and take advantage of the NH real estate opportunities if they realized the actual savings...We don't know how to time the bottom of the real estate market, the experts don't know, but when you look at a home as a place to live, raise a family, and enjoy the NH quality of life we realize the opportunities that exist today won't last...as interest rates climb (and that is one thing experts agree will happen) these monthly payments will climb along with them...
Buying, selling or building, call the experts at Brin Realty, we can help with all your NH real estate needs, serving Amherst, Bedford, Merrimack, Nashua, Milford, Hollis, New Boston, Mont Vernon and surrounding towns.