Wednesday, December 17, 2008

Housing Sale: 25% off on all Cache Valley Homes!!!

If somebody told you that houses were having a 25% off sale, would you buy?

In a way they are consider this:

With the low interest rates prices, are almost 25% less than they were a few months ago.

At 6.5% interest, (a historically low rate for mortgage loans) the Principal and Interest payment on a 30 year fixed loan with 20% down would be $1011 a month on for a $200,000 house.

At 4.5% interest (possible interest rate Today), the PI payment on a $250,000 home would be $1013 a month with 20% down.

Now in this scenario the property taxes and insurance would likely be less for the $200,000 home, and the down payment on the $250,000 house would have to be an additional $10,000, but the point is that home prices are incredibly affordable right now. Also consider that Real Estate prices in Logan Utah in the $250,0000 plus range has dropped considerably over the past year. For the normal payment of a $200,000 house, you can buy what would have been a $300,000 house a year ago (and what will be again in a year or two).

To participate in this 25% off housing sale:

1, Begin shopping for Cache Valley Homes on Cornerstone Real Estate's Real Estate Search Site.

2. Get prequalified from a quality Logan Mortgage Lender.

3. Contact a Cornerstone Real Estate Agent to start viewing homes for sale.

1 comment:

golf communities said...

I liked this post, I think its worth asking this question from buyers, lets see what kind of response we get, i feel most of the people would love to buy at 25 percent off, but if you look at the market they might think twice!