Wednesday, June 8, 2011

Why is it the time to buy a house? You can probably afford Uxbridge if renting

Lowest interest rates in many years
Lowest price for a new home in many years
Choices are available around the Metrowest area.
If you are looking to buy a home, now is the time to act if you have the down payment.  If you don't keep reading you might be able to borrow, or bring Mom, to live with you  and let her buy the house, you pay the mortgage, see below.

Look at the lowest prices for a new home and see if you qualify.
We have a price range from the low $200,000's to the millions.

Low $200,000's...if you are renting, you might be able to afford to buy in Uxbridge.  let us help you with a loan officer, and a possible selection of a style for next year, if you need more time to save up the deposit.  Have a goal, it never hurts.

See if you can afford to live in Uxbridge, that is the first place to look.  The new homes are least expensive at this location and come with walk out basement, garage and tool shed.  The land is in a condominium association, so you take care of your own house, but the association takes care of the grass , plants, etc.  The documents spell it out.  You need to start looking, think about your drive distance and how much you can save on the house to pay for the fuel in the car....

Maybe taking a  loss on paper on the house you own now, and saving on the cost of a new house is the way to go...???

Maybe you should consider buying a house to transfer your assets?  Provide the loan through a passbook at your bank, so your children can buy.  The passbook provides the loan and they pay back into the passbook monthly.  This is a low interest loan of your own money, good idea if you are going to live in one of the houses with in law room, like the Garden Party, or the Diplomat....A loan officer can explain this to you.

Have you thought of refinancing your home, even if it is underwater...Get a lower interest rate, and make the payments more attractive....there are so many things you can do , to face the return of the housing market.  Ask the loan officer at your bank about refinancing your home, while it is underwater, at a new interest rate, and figure out the advantages if any.

Why do I say that now is the time to buy?  There is no point in builders buying land, putting money up to do the engineering, then deal with the delays of governmental restrictions,(  burdens created  by oppponents, who do not want houses in their back yard,) etc, etc.... to open a subdivision in this market, so....what does that mean?

There is going to be a phenomenal shortage of new homes, because the land is not going to be approved and ready to build.

We have had subdivisions take as much as 3-5 years, and even 20 years for approval, depending on the boards that are in power in the various towns....so think about it...

If you agree with me, the best time to buy is now, and the best places to consider are our new homes in established areas, close to transportation and services....take a look at each place we offer and see if it fits your needs.   Do not rely on my judgement!  Come and see if you agree with me.  Madlyn