There are four great reasons to buy Missouri Real Estate!
I've been selling Missouri real estate for 22 years and I've never seen the market like it is today. Anyone interested in
purchasing Missouri Real Estate should be looking now and buying before April 2010. Here are a few reasons to consider for buying Missouri Real Estate:
- Low Interest Rates
- Lower Home Prices
- Increased Numbers of Foreclosures and Short Sales
- Tax Credit Incentives
Low Interest Rates
While interest rates continue to be around five percent, consider the amount of money that can be saved with a 30 year mortgage. I recall buying a home in Missouri in the 80's and assuming a mortgage at 15.875%. A few years later, I was able to drop it to 10% and thought that was fantastic. Today's interest rates can hardly stay this low.
Lower Home Prices
Combined with low interest rates and lower prices of today's market, purchasing Missouri real estate could allow you to own a bigger home for less money than you will spend when the market rebounds. Investors are taking advantage of the housing market to increase their investment portfolio.
Large Numbers Of Foreclosures and Short Sales
Economic conditions have caused a larger number of foreclosures and short sales. Many homeowners have taken a reduced salary or are now unemployed. Although the Missouri real estate market has not been hit as bad as some states, it still continues to have a large number of foreclosures. Missouri short sales are becoming a better way to sell, to avoid foreclosure.
Tax Credit Incentives
For a limited amount of time, the government is providing up to $8000 for first time home buyers purchasing Missouri real estat and $6500 to homebuyers that have lived in their home five out of the last eight years. Read about the "Extended American Recovery and Reinvestment Act of 2009"
What are you waiting for? Call a lender today to get prequalified. And if you don't know one, give me a call at 417-839-4534 and I'll be happy to recommend one for you. Start your search for Missouri real estate now.
Kay Van Kampen is a local Realtor serving Springfield, Ozark, Nixa, Rogersville, Republic and surrounding areas in Greene, Christian and Webster Counties in Missouri. She is ready and available to help you with all your Springfield Mo real estate needs. To contact her go to www.kayvankampen.com. If you would like a free list of homes for sale in this area/neighborhood, would like more information about Springfield, Ozark, Nixa, Rogersville, Republic, Willard and surrounding areas or would like to be the first to know about hot new listings before other buyers do, then give me a call at: 417.839.4534.
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RE/MAX Solutions www.kayvankampen.com
Springfield, MO, 65721
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