Spokane Home Search

Today we hear so much rhetoric in the news media, which continually echoes the housing market is in horrible shape which makes us all believe this must include me too!  I’m sorry we may be in the same economy but we aren’t all the same predicament. Each of us has our own set of conditions that make us economically viable or not in today’s housing market.

You may ask what are you referring to? Well some of us are savers or have a secure job or steady income or may have equity built into our current home and have protected our credit.

To you I say, if you are thinking about purchasing your First Home or Moving Up
or Downsizing this may really be a chance of a lifetime. We really are in perfect storm… Spokane Home prices are still being driven down and interest rates are at record low levels. Thus enabling buyers to qualify for higher valued homes and still enjoy a lower monthly payment because of  the low interest rates.

Let me demonstrate a few examples for you as to why you may want to get off of the fence and buy a home now.

What I will demonstrate is based off of basic Principle & Interest calculations with a 10% down payment.

Photo by JAWspeak
First Time Home Buyer – you have a good job, you’ve saved up enough for a 10% downpayment and you want to buy but your just not sure if now is really good for you. Let’s see if by looking at the what you can get, what you qualify for and what the cost will be over time.

Lets say you make $50,000 a year, you have no other debt and you have enough saved for 10% down. What could waiting cost you?