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Should I buy a home now or wait in case home prices drops more?


Fri, Jun 24th, 2011
Posted in Ask the Expert



 Many opportunities will come from this market for the buyers that step in and take advantage. You have to live somewhere and in this market owning can actually be the same or cheaper than renting.

Here are six good reasons to make your move now:

 1) You can get a great deal - Will prices fall further? Sure they could. It's difficult to predict the bottom. IF you think prices will drop another 5%, simply make your offer 5% less today. Sellers want to know what buyers are thinking. Lower home prices give buyers the opportunity to get more for their money.

 2) Historically Low Interest rates - lowest on record since 1971. If inflation picks up, you won't see these mortgage rates again in your lifetime! If they drop, simply refinance to the lower rate. Low rates give buyers more purchase power.

 For example: $100,000 at 4.83% / 30 yrs. is approx. $526 PI payment monthly. $100,000 at 6.5% / 30 yrs. is approx. $632 PI monthly.

 In order to keep the same house payment of $526 monthly when interest is 6.5% the buyer would have to drop his purchase price to $83,500 more than likely getting less home for the money.

 3) Income Tax Deduction -Mortgage Interest & your property real estate tax is deductible.

 4) Inflation Protection - A fixed rate loan locks your payment amount for the life of the loan, offering protection from inflating interest rates and out of control payments.

 6) Equity /Savings - Real estate is the most important investment most of us will make in our lifetime. IF you are not selling in this market than you will not loose anything, stay put, make your payments and ride out the storm; wait for the market to recover. Nothing is lost unless you bail. If you are purchasing now, your gain will be the low pricing, the low interest rates and time is on your side.

Nothing ventured, Nothing Gained, The only thing lost is opportunity.

25 Center St. W, Harmony, MN 55939

Toll Free: 888-839-2142

email: roxanne@harmonytel.net

www.remax-selectproperties.com

Is it OK to give my pet people food as part of their diet?

Fri, Jun 24th, 2011
Posted in Ask the Expert



No. Giving pets people food as a treat or as part of their main diet can cause many unwanted problems. First of all, pets who are offered food off of your plate tend to develop begging behaviors that can be very undesirable. Also, table food ..... 
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What's the benefit for going to a local retail cloth diaper store versus ordering on-line?

Fri, May 27th, 2011
Posted in Ask the Expert

The biggest thing is to actually see and feel the different types of cloth diapers. Most people who have ordered on-line or from a catalog have had at least one time when they were very disappointed in the product they got. Going into a store is also ..... 
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Why would a funeral home need a website?   

Fri, May 27th, 2011
Posted in Ask the Expert

I asked myself this question when we were first considering creating a website for our funeral home. At first, the only application I could think of was posting obituaries. The evolution of our website has been exciting to watch. Along with posting o ..... 
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Q: Will maintaining a healthy back affect the length of my life?

Fri, May 27th, 2011
Posted in Ask the Expert

A: It is difficult to determine if maintaining a healthy back adds years to your life - but it can certainly add life to your years. Most Doctors of Chiropractic have personal experience with elderly patients who are able to remain active because the ..... 
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How can I tell if my catalytic converter is working properly?

Fri, May 27th, 2011
Posted in Ask the Expert

The catalytic converter is our main line of defense against air pollution, so it's important to make sure it is functioning efficiently and passing exhaust without creating undue restrictions that might reduce performance, fuel economy or emissions. ..... 
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How much Life Insurance do I need?

Fri, May 27th, 2011
Posted in Ask the Expert

The old rule of thumb was 5 to 8 times your annual salary. Now it seems like most of the time you hear 7 to 10 times your annual salary. But the truth is it really varies. You must determine your family's short term and long term needs, subtract your ..... 
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Q. What is ChexSytems?

Fri, May 27th, 2011
Posted in Ask the Expert



A. ChexSystems is a consumer verification and reporting agency. Credit reporting agencies report how a consumer handles credit relationships while ChexSystems provides data related to how a consumer has handled deposit accounts at previous ba ..... 
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Is having a pre-nup planning for divorce?

Fri, May 27th, 2011
Posted in Ask the Expert

There are a variety of good reasons to enter into a pre-nuptial agreement, also referred to as an ante-nuptial agreement, with your soon-to-be spouse and not all of them include divorce. A more important, and hopefully likely, scenario is that you wi ..... 
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