Has there been a better time to move up.
I know that property prices are declining however with low interest rates and declining prices why not buy now?
My home has lost 10% in value I paid $300,000.00 and now its only worth $270,000.00 why would I take a $30,000.00 loss?
My answer to that is: What used to be your $500,000.00 dream home is now only worth $450,000.00 a $50,000.00 reduction in price over what you would have paid.
I have a good interest rate now will lower interest rates really make much of a difference?
Interest rates make a huge difference I sugest you talk to your mortgage broker, however on $500,000.00 morgtgage 6% as opossed to 3.9% potentialy save you over $600.00 per month.
$600 a month savings on mortgage payment coupled with a $20,000.00 savings in the initial purchase could there be a better time?
Making your Real Estate needs my priority.
Dave Dry
Licensed Realtor in the province of Alberta
www.davedry.ca
Info@davedryhomes.com
780 446 3727