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° Lousy Economy

° Lousy Housing Market

° Most expert agree housing market will not recover in the


near future

° Government incentives to buy a home are gone


   !
° Gew Survey of 1,000 Americans revels that:
° Gearly 90% of homeowners would buy their home again

° 58% of those who believe the housing crisis will continue


would buy their home again

° Almost 90% of those whose home lost value would buy their
home again

° 70% would recommend a friend buy a home


Source: ´Allstate-Gational Journal Heartland Monitor Poll: The American Dream, ´
RealtyTimes.com

"#$$%r  

Many conditions make this a ripe time to get into the


housing market and choose your home.

Here are the Top 5 Reasons«


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° Housing Prices back to 2002 levels.
° Average home price is $156,100

Source: Gational Association of Realtors, and Realty Times


 '($)*+ "#$$
° Source: Calculated RISK Finance & Economics Blog
 
 ', 

° Lower prices means more home for you
° Much of the downturn, if not all, has been figured into the
price
° Impossible to time the exact bottom of the market: we
may be starting a recovery, we may still have some price
drops
° Calculate waiting longer to buy versus the price of
renting
 &" 
 
° Existing Home Sales FELL 2.8% between February
2010 and February 2011

° Existing Home Sales Fell nearly 10% between January


2011 and February 2011
° Gew housing starts languishing for a while now

Source: Gational Association of Realtors, RealtyTimes.com


 , 

° This is a buyers· market!

° The market loves buyers and fights over them

° A strong buyer has a lot of negotiation power

° You·ll have many options so you can find your dream


home

° It·s nice to feel wanted


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/ 
° If anything under 6% is considered fabulous, how about
4.5% mortgage rates?

° According to the chief economist of the GAR, Lawrence


Yun, "Housing affordability conditions have been at record
levels and the economy has been improving.µ

° Housing and general economic recovery will push rates


back up
 % , 

° Low rates and low prices are a rare combination and a
perfect opportunity

° Locking in a low rate means saving money on your


monthly expense AGD on your total price of the house
(Price plus accumulated interest)

° You may be able to afford more than you think

° Go through the pre-approval process first thing


 &0-. 

%  
 
 1  
° 70 % of Americans would recommend a friend buy a
home
° In a survey, 24% say home ownership is a better
investment than saving money (20%) or investing in the
stock market (6%)
° Most live in their homes long enough to make it a long
term investment
Source: ´Allstate-Gational Journal Heartland Monitor Poll: The American Dream, ´
RealtyTimes.com
, 
  
 %  
° Look to buy a home if you plan to stay put for 4+ years, (more
or less depending on your local market·s resilience)

° Calculate renting for that time versus buying a home. Chances


are you·ll get much more of you home when you sell it, than
the rent you·re guaranteed to never see again

° Low rates and prices may enable you to buy a home and hold
it in the long-run as a rental investment, if you choose.
 &2%3/ 4  
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° As already mentioned, nearly 90% of those surveyed
would make the same decision to buy despite the
economic and housing crisis

WHY?
  
° Home owners care much more about their homes than
renters
° Home owners usually love and cherish their homes
° Home ownership signifies security and warmth to people
° Because buying a home is a long and elaborate process,
chances of buyers remorse are very low
° Chances are you·ll join the 90% who would buy their
homes regardless of the economic woes
| , 67 

7,
° A tight credit market means you·ll have to really work
with your mortgage lender to meet all criteria

° The advantage is that if you are a great candidate for a


loan, you will be a highly sought-after buyer

° Get pre-approved well before you choose you home


o

° The appraisals are often failing to meet the price
negotiated by the buyer and seller
° This means many sales are being cancelled
° Alternatively, it can also mean a renegotiation of price to
the buyer·s advantage
° It also means that as a buyer, you are not in great danger
of overpaying for a home, regardless of your negotiation
skills
%38
  !
° Even in a buyers· market, ensure you have proper
representation: Real Estate Agent, Mortgage Broker, Buyer
Attorney.

° Do not attempt to put your home purchase transaction


on your own, you can waste a lot of time and money
7  ,

° Thomas J. Wilson , Allstate chairman, president and chief
executive officer says,

´Homeownership is viewed positively by the


vast majority of Americans as both a place to
raise a family and a sound investment.´

Source: ´Allstate-Gational Journal Heartland Monitor Poll: The


American Dream,µ RealtyTimes.com
o   6  59

Insider real estate secrets revealed at


www.RuthMalkinLerner.com
Expert Real Estate Advice that Saves You $$$$$

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