The time to buy a house in the Austin TX area is NOW! Why? Because rates are down and prices are stable. Austin TX has the second lowest unemployment rate in the country, right behind Washington DC.
I've talked with several mortgage people and they have all mentioned that they're getting a lot of refinance deals. I turn that around and ask them if they ever ask their customer if they had thought about up-sizing their house while keeping the same mortgage payment?
Most stop and go hmmmm, as they've never thought to ask that.
Say a home owner has a $2000 a month mortgage payment and could refinance it down to $1750, BUT they're very comfortable at the $2000 payment and wouldn't mind continuing to pay that amount. Let's say this same home owner has two kids who are growing bigger and bigger, and these home owners had thought about buying a larger home with a gameroom and larger backyard once they get older... BUT, if they could buy that larger house RIGHT NOW while keeping that $2000 a month comfortable mortgage payment, doesn't that sound like a better deal?
Why pay upwards of $4000 to refinance when you could invest that money in a new home now instead of waiting in the future and paying that same $4k within the closing costs of a new purchase?
If you're in the Austin TX market and you're thinking about buying or selling AND you want the full truth that other agents don't/won't say, contact me today!!
**Are You Packed Yet?**
Austin TX Real Estate
and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
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Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Interest Rates are Down - Time for Buying a House is Now * was first published on donnahomesblog.com.