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Further
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The 3 Keys To Business Victories - Sopan Greene
No matter what business you are in there is a high chance of failure. Why? Because most people don't do the research and keep the right focus needed to succeed. There are only 3 Keys to pay attention to if you want to thrive in the business...
Using Paypal for eBay Purchases - Terry Gibbs
Paypal is the preferred payment choice for many buyers because Paypal allows buyers to pay instantly for eBay purchases. In this article, we will review using Paypal on eBay from the buyer's point of view. Since eBay purchased Paypal, it has become...
Straddle Strategies in Option Trading - Steven T Ng
The straddle strategy is an option strategy that's based on buying both a call and put of a stock. Note that there are various forms of straddles, but we will only be covering the basic straddle strategy. To initiate a Straddle, we would buy a Call...
How Safe is Your Success? Part 7 of 8 - Bill Hely
"How Safe is Your Success" is a series of eight articles. Each article addresses a different aspect of a universal problem which is of particular importance to those who do business on-line. Most Internet users are at least aware there are dangers...
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Conditions Are Right For Buying The Higher Priced Home You’Ve Always Wanted
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Written By:
W. Troy Swezey
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Higher interest rates and home prices in the past have kept home owners from purchasing larger homes. The current real estate market conditions, however, are encouraging for many home owners who want to “buy up” to higher priced homes with more to offer.
If you are considering trading up for a larger and more expensive home, conditions for doing so couldn’t get much better. Interest rates are the lowest they’ve been in two decades, and home prices in many regions are the most affordable they’ve been in years.
You should consider a few factors before reaching a decision to trade up:
- Can you afford higher mortgage payments and property taxes?
- Is your credit record solid enough to qualify for the probable higher monthly mortgage payments?
- Do you plan to stay in your new home long enough to recoup your investment?
Obviously, you’ll need to sell your current home before getting serious about trading up to a new one. A healthy real estate market indicates that you’ll have little trouble selling your existing home. The national Association of Realtors reported in August that sales of existing single-family homes are rising steadily, especially among first-time buyers. Affordable home prices and low interest rates could make the starter home you purchase several years ago particularly attractive.
If you can afford the up-front cost, you - continued below ...
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may want to consider switching the fixed-rate mortgage on your old house for an adjustable rate on a new one. This could allow you to trade up without increasing your monthly payments.
The type of mortgage you choose also depends on how long you plan to stay in your new home. A good mortgage lender can advise you on whether a fixed-rate is an advantage is you’re planning on staying for more than 10 years. A fixed-rate may be better for long term owners who don’t want to worry about rising mortgage payments.
Trading up may not be worth the move if you’re planning on living in the new home for only a couple of years. You might have to stay three to five years for your house to appreciate enough to recoup the closing costs.
Conditions for a move-up haven’t been this good in many years, and you may not want to wait much longer to consider it. An experienced real estate broker can help you decide if buying a new house now is a good investment for you.
W. Troy Swezey is the author of “CONDITIONS ARE RIGHT FOR BUYING THE HIGHER PRICED HOME YOU’VE ALWAYS WANTED." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, “REAL ESTATE SECRETS EXPOSED.” http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net
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Customer Retention with a Personal Touch - Tony Valle
Personal contact with customers is a crucial element in the success of any new business – and it’s one of the most common casualties of growth. As a company grows, the president tends to fade away into his or her office. That can lead to loss of...
Maximize Cost Savings with Increased Efficiency - Brian Vellmure
"The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency." - BILL GATES ...
Climbing The Internet Kilimanjaro - Ante Miljak
If you stretch your imagination a little you might be able to picture St. Peter, sleeves rolled up, still processing the millions of poor souls that were liberated by KGB thugs. Tortured to death, multitudes revealed their innermost thoughts. Duly...
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