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Why Now is a Smart Time to Buy |
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Why Now is a Smart Time to Buy Now is a great time to buy a home, say the financial gurus at the Wall Street Journal. The Journal calls it a buyers market and offers these suggestions for first-timers getting their feet wet. While their advice is solid, it’s not revolutionary, but some potential customers might find it reassuring. Remember this is a place to live not a stock market investment, they say. Lenders want buyers to spend no more than 28 percent of their gross monthly income on mortgage payments, real estate taxes, and home insurance. Buyers shouldn’t count on stretching further because lenders won’t approve their loans. Cash is king. Having enough money in the bank to pay closing costs that are typically an additional 2 percent to 3 percent of the price of the home is necessary. Location. Location, location. As any good real estate professional knows, homes in good school districts where the crime is low are much more likely to hold or increase their value. Compare. Besides just looking at the comps, buyers should examine what it would cost to rent a similar house in the same area and they might consider what it would cost to buy land and build a comparable home. Think long haul. It will probably take at least six or seven years of living in the house to be able to sell and come out ahead. Source:
The Wall Street Journal, Shelly Banjo (03/11/08)
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Learn about the benefits of owning a home.
- Over the past 30 years, home values have risen more than 6 percent annually.
- On average, the value of a home nearly doubles every 10 years.
- 60 percent of the average homeowner's wealth comes from their homes equity.
- The average homeowner's net worth is $171,000 - that's nearly 46 times that of a renter's, who has an average net worth of $4,800.
- Homeowners benefit from the power of leverage. At an annual appreciation rate of 5 percent, a 10 percent down payment on a home will return 94 percent after 3 years. After 5 years, the rate of return increases to 225 percent and after 10 years, 623 percent.
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More infomation E-Mail me
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4 Golf Course Dr, Alta Lake 
Price $695,000.00 New Price
A must see in the inside and go golf at Alta Lake golf course or swiming at the Alta Lake or horse back riding. Big Lot with lots of trees on it.
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Daily Real Estate News | August 1, 2007 Pending Home Sales See Biggest Gain in 3 Years The market is likely to stabilize in the months ahead, according to the NATIONAL ASSOCIATION OF REALTORS®’ forward-looking indicator on pending home sales. The Pending Home Sales Index, based on contracts signed in June, was 5 percent higher from the downwardly revised May index of 97.5, but is still 8.6 percent below June 2006 when it stood at 112. The 5 percent monthly gain is the largest in more than three years, since a 6.1 percent increase was recorded in March 2004. Lawrence Yun, NAR senior economist, says it’s encouraging that the increase occurred in all four major regions of the United States. “However, it is too early to say if home sales have already passed bottom,” he says. “Still, major declines in home sales are likely to have occurred already and further declines, if any, are likely to be modest given the accumulating pent-up demand.” The index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed. What Happened Regionally Here’s a breakdown of what the PHSI showed across the country: West: the PHSI increased 8.6 percent in June to 103.6, but was 5.5 percent below a year ago. Northeast: the index rose 3.1 percent from May to 96, which is 2.4 percent lower than June 2006. South: the index increased 4.7 percent in June to 111.6, but was 12.7 percent below a year ago. Midwest: the PHSI rose 3.5 percent in June to 92.5, which is 8.2 percent lower than June 2006.
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Today in Lake Chelan the sun is shining and everyone is having a blast. If you haven't been to Chelan during the summer, now is the time to come and check out the recreation and beauty of our community. Another interesting activity is to take a day drive up to the communities of Mansfield or Waterville and see the wheat harvest in action, just watch out for deer!
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Open House Alta Lake July 22 11am-4pm |
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| Log home at Alta Lake |
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| Location: |
4 Golf Course Dr Pateros , wa |
| ZIP/Postal Code: |
98846 |
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Open Houses |
| Log Home |
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| Start date: |
Sunday, July 22, 2007 11:00 AM |
| End date: |
Sunday, July 22, 2007 4:00 PM |
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| Description: |
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Custom 3,650 Sq. Ft. Log home on a 1.72 acre lot at Alta Lake Golf course. Large 13" -16" tamarack logs are hand scribed Swedish cope styling. Open, spacious main level with vaulted ceilings throughout, floor to ceiling rockwork in custom kitchen & great room and a custom wraparound ironwood deck with miles of views. Fully insulated daylight basement with large family room + extra rooms.
Must see the inside of this home. Finish it outside like you want.
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 If you like the thought of living in a Log home you must see the inside of this one.
Click on the photo to see more !!
If you have never been to Alta Lake its a great place to play golf or take a swim in the lake. To see this home make a apointment with me.
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