
The holidays are over and it is 2010–still a great time to buy or sell a home in the Ogden area because interest rates are amazingly low. A few lenders are talking about the possiblity of an increase which could really happen.
If you are thinking of buying or selling this is a great time because the tax credits are in effect until the end of April for a signed contract and the end of June for a settlement date. Combined with lower interest rates and tax credits it’s an historical time. Please don’t hesitate to take advantage.
If you are one who is waiting for home values to go up to sell and make more money, this could back fire because the home to purchase would be higher also. So in reality, no money gained except a potential higher mortgage because the interest rate have gone up and the tax credits have expired.
If you are waiting for home values to improve, please think about this. When they do improve, interest rates could be higher and that could limit buyers because of a higher mortgage payment.
So, in my opinion, please take advantage of these times. When rates are low, it is a good time to buy and sell. Please let me lead you down the trail this winter to wise financial decisions regarding real estate.