Even if you missed out on the first time home buyer credit this year, it is still a fabulous time to buy in Mat-Su Valley AK. The current real estate market offers great values and especially low mortgage rates.
Consider the following benefits to buying a home this year:
- Market showing signs of stabilization. The end of 2nd Quarter Residential Market update for the Mat-Su Borough revealed that sales were picking up, and the market is showing signs of stabilizing.
- HomeSteps program: for added security in your new home. HomeSteps SmartBuy Purchase Program is a nationwide purchase program from a real estate sales division of Freddie Mac. For all eligible HomeSteps homes, they are offering a two-year HomeProtect Home Warranty and a HomeProtect Appliance Discount (save up to 30% on appliances). More on this program at homesteps.com.
- Mortgage Rates are low. Howard Nugent of Premiere Mortgage reported: “If you look at the current historically low rates against the backdrop of what used to be considered a “good” rate (e.g. 6%), you’re really getting an amazing deal. For example, rate buy downs typically cost about 1 point for a 0.25% savings. So to buy down from 6% to 4.5% would cost you approximately 6 points, which is 6% of the loan amount; on a $200,000 loan, that’s $12,000. Conceptually, today’s low rates are a gift and should be seen as a huge incentive to purchase.” Mortgage rates are hovering near the lowest level in decades and have stayed at or near record lows since the middle of April of this year.
- The Kristan Cole Team is here to assist. No matter whether you are first time homebuyer, looking for investment property, or looking for another home to meet your needs, The Kristan Cole Team offers the personalized support needed to see you through a smooth purchase.
So contact the expert Realtors of The Kristan Cole Team today and be well on your way to a great home buying experience. And be sure to check out the above video as Kristan Cole explains why now is the time to buy in Mat-Su Valley AK.
Contributed by Kristan ColeContact Me | (907) 373-3575 | www.KristanCole.com
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