Bill Ladd's Discussions

There has never been a better time to invest in real estate. People should be running to buy a home or land. Interest rates are lowest in history, there are motivators to buy (such as the new simulous for first time home buyers). Real estate is has stable value.

Experience has shown that more houses present well during the springtime.Everything is in bloom and very green. Just take a look at your house from the street, how does it look?  Curb appeal is very important.  It is the first thing people see, and your first impression to sell the house.

your market bad?

Thank you, yesGood Time to BuyMany real estate markets across the country have recently experienced home inventories and stabilizing prices.  In these markets, home buyers have increased negotiating power.  Every market is different.  This QA was supposed to be posted in the Russellville area only, not national.

http://ezinearticles.com/You may find this information helpful.

According to NAR:"If you're going to be a buyer, it's a great time to sell because you'll make up on the buying side what you don't get on the selling side. In addition, interest rates are still near historic lows, which may not be the case too much longer, so more buyers will be able to afford your home."

The rate of decline in sales in March slowed down a bit and average prices continued to decline.  March 2009 sales were down 20.2% from March 2008, but a an improvement over the 22.8 percent decline in sales repored through March this year. The sales in March topped the homes sold in February. Published by hawgwyld at 8:26 am.

Deciding to own a home is a big decision. Here are some facts that may help you take the first step towards becoming a homeowner. Renting the same property for seven years that you would buy (if rent was between $500 & $610) over a period of 7 years.  The total rent you would pay would be $46,420.00.  Unfortunately, none of that would be returned to you through savings or as an investment.  In the Russellville, AR area...home values on average rise an average of 2.5% per year since 1985. Assuming this continues, a home you could have purchased for $100,000, and financed at $102,000...in 7 years (on Average) could rise to a seven year equity growth of $15,969.00.  It gets even better.  The savings of rent vs. ownership, plus equity growth for appreciation, and the principal reduction on a loan could all add up to a total benefit of $31,214.00 after a seven year period.  So...why rent?

Ownership in land is much like owning a money market account...sometimes it will be down, but it historically comes back up over a period of time...Ownership of anything, whether it is a car, truck, house, land or business; of course...it is a personal preference. If you prefer to own, right now in Russellville, AR....it is a very good time to buy. Especially for the people who want to use the new tax credit.