Dear Home Shopper

Are You Nervous About Buying In This Market?

You're not alone. Prospective home buyers are hesitant to commit in the current "economic crisis." And there are several serious issues to consider when making one of the biggest puchases of your life.

Here are some of the numerous concerns that I have heard from prospective buyers:

Lenders have tightened their requirements to get loans
Lenders now require larger down payments before they will lend
The market hasn't hit bottom yet
I could lose my equity if I buy now and the market keeps falling
Interest rates will be lower if I wait
Home prices are still coming down - I'll get a better deal if I wait it out
I'm nervous about the bad economy
I am still saving for a down payment
Money is tight and banks aren't making loans
I'm afraid I could lose my job

All Fair Concerns - All Of Them Wrong or Misinformed

Let me address each of these issues:

Are You Nervous About Buying In This Market?

You're not alone. Prospective home buyers are hesitant to commit in the current "economic crisis." And there are several serious issues to consider when making one of the biggest puchases of your life.

Here are some of the numerous concerns that I have heard from prospective buyers:

Lenders have tightened their requirements to get loans

Lenders now require larger down payments before they will lend

The market hasn't hit bottom yet

I could lose my equity if I buy now and the market keeps falling

Interest rates will be lower if I wait

Home prices are still coming down - I'll get a better deal if I wait it out

I'm nervous about the bad economy

I am still saving for a down payment

Money is tight and banks aren't making loans

I'm afraid I could lose my job

All Fair Concerns - All Of Them Wrong or Misinformed

Let me address each of these issues:

It's true that you can no longer get a loan without a job or income verification. But loans are readily available to those with even marginal credit.

Although most lenders will require at least 3% down, there are still 0% down programs available.

This IS the BOTTOM of the market. Prices are expected to level off in spring 2009 and in some areas they have already.

Even if the market did continue to drop for a time, the extremely low interest rates available now, the inevitable rebound of housing prices in the near term, and other factors that I will explain, will ensure that your investment will be secure.

Interest rates are already at historic lows. Depending on your individual financial situation, the best interest rate may be available to you now.

Many house prices are at their lowest in five years. The falling median price for homes in large regions (i.e. King County) are not indicative of smaller locales.

The economy is not under your control but getting a great price and a great interest rate are. But the media and the pessimistic pundits play on the bad news that attracts the most attention, and they don't focus on the positives of smaller pockets of the market.

Saving for a down payment is good. But when interest rates are this low, you could be better served using that monthly savings toward a monthly mortgage. If you save for another year and interest rates go up just one or two percent, saving for a down payment could be moot.

Lenders are falling over each other to make loans to those buyers with even marginal credit.

While the greater Seattle area has one of the strongest job markets in the nation, no one can ensure your job. The most important thing to do to ensure your continued employment is to be proactive: make job inquiries now rather than waiting for your employer to make the decision for you.

Get Expert Advice And Service

My past clients refer me to their friends and family because they know that I will represent their best interests and not just "close the sale"

I belong to the most respected network of professional agents in the Northwest

I have been in residential real estate since 2000

I was mentored by and partner with the best in the business

I guarantee your satisfaction - I will release you from our agreement any time, if for any reason you are not 100% satisfied with my service

Because the busy season for homebuying (spring) will begin soon, and because their is so much housing inventory avaliable to see, I will be able to work with only a limited number of buyers. So the sooner you act, the better the odds that you can benefit from my expertise in this market...

And if you call me before May 1st, 2009, I can show you how to save as much as $10,000 on your purchase.

So What Are You Waiting For? This Is Your Time.

Call Right Now?

1.800.998.9434 or 206.999.2639

No Obligation - Complete Condidentiality Guaranteed

Here's to you and your success,

Mark

P.S. If you are one of the first three potential buyers to contact me through this website in 2009, I will give you...

A $500 Credit Toward Your Closing Costs
Although most lenders will require at least 3% down, there are still 0% down programs available.
This IS the BOTTOM of the market. Prices are expected to level off in spring 2009 and in some areas they have already.
Even if the market did continue to drop for a time, the extremely low interest rates available now, the inevitable rebound of housing prices in the near term, and other factors that I will explain, will ensure that your investment will be secure.
Interest rates are already at historic lows. Depending on your individual financial situation, the best interest rate may be available to you now.
Many house prices are at their lowest in five years. The falling median price for homes in large regions (i.e. King County) are not indicative of smaller locales.
The economy is not under your control but getting a great price and a great interest rate are. But the media and the pessimistic pundits play on the bad news that attracts the most attention, and they don't focus on the positives of smaller pockets of the market.
Saving for a down payment is good. But when interest rates are this low, you could be better served using that monthly savings toward a monthly mortgage. If you save for another year and interest rates go up just one or two percent, saving for a down payment could be moot.
Lenders are falling over each other to make loans to those buyers with even marginal credit.
While the greater Seattle area has one of the strongest job markets in the nation, no one can ensure your job. The most important thing to do to ensure your continued employment is to be proactive: make job inquiries now rather than waiting for your employer to make the decision for you.

Get Expert Advice And Service

My past clients refer me to their friends and family because they know that I will represent their best interests and not just "close the sale"
I belong to the most respected network of professional agents in the Northwest
I have been in residential real estate since 2000
I was mentored by and partner with the best in the business
I guarantee your satisfaction - I will release you from our agreement any time, if for any reason you are not 100% satisfied with my service

Because the busy season for homebuying (spring) will begin soon, and because their is so much housing inventory avaliable to see, I will be able to work with only a limited number of buyers. So the sooner you act, the better the odds that you can benefit from my expertise in this market...

And if you call me before May 1st, 2009, I can show you how to save as much as $10,000 on your purchase.

So What Are You Waiting For? This Is Your Time.

Call Right Now?

1.800.998.9434 or 206.999.2639

No Obligation - Complete Condidentiality Guaranteed

Here's to you and your success,

Mark

P.S. If you are one of the first three potential buyers to contact me through this website in 2009, I will give you...

A $500 Credit Toward Your Closing Costs

Dear Home Shopper

Mark W. Despain