Erick Rojas
Biafora Realty
323-493-3397
erojasrealtor@aol.com
DRE #01432441

"Building Lifelong Relationships - One Home at A Time"

 

1) Historically Low Interest Rates. Have you paid attention to the home mortgage rates lately? There are even some programs with rates near or below 5%– levels that have not been seen for decades. This equates to added buying power for potential homeowners, through the reduction of monthly payments.

 

2) A Huge Selection of Homes Available. It’s a buyer’s market out there; there is an incredible inventory of homes on the market and seller’s ready to deal given the competition for interested buyers.

 

3) Home Prices. With the huge inventory of homes on the market, and the lack of qualified buyers, home prices have reached levels of the early 2000’s in many areas. Foreclosures and bank-owned properties make up a good portion of the inventory, and are not expected to have peaked yet in some areas. There are also many short sale opportunities available that can prove to be great deals when negotiated right.

 

 

4) Specialized Loan Programs Abound. Especially for low-income buyers needing assistance, there are a significant number of unique programs available at the state and federal level. Those with stellar credit needn’t worry as standard financing for A-credit buyers is still alive and well. FHA financing is one of the more popular programs in today’s market requiring as little as a 3.5% down payment contribution from buyer.

 

5) Tax Benefits Abound. Although home ownership has always provided significant tax advantages, there are additional programs such as the first time home buyer tax credit of $8,000.

 

6) Pride of Ownership. Let’s not forget the pride and excitement that comes with owning your own home. Mortgage and rents are on an even level in many parts of Los Angeles County. Why continue to pay rent and increase your landlord’s wealth? Take a chance and make an investment for yourself. The Real Estate market today is offering you so many benefits to take the leap towards becoming a Homeowner.

 

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