The recession has created an opportunity for home buyers today, to own a home at less than half of what they would have paid six years ago. That’s a real estate sale of unprecedented historic proportions! A home that would have sold for $800,000 six years ago, is today selling for right around $488,000.
Six years ago, the interest rate on your 80% loan would have been approximately 6.34%, but the interest rate today, on that same home on a 30-year fixed rate mortgage is running 3.85% and even lower at times.
See the chart above. Your monthly payment on your home that you bought six years ago for $800,000 would have cost you $3,978 a month. TODAY, as a result of drastically decreased home prices and historically low mortgage rates, you would own that same home for only $1,830 a month--a monthly savings of $2,148! The headline says, “Half Price”, but it’s actually better than half price.
Buy a home now at half price-- before prices rise even further. Visit our website, www.HiltonHeadRealEstateSearch.com, to find properties of interest, and email me or give us call at (843) 816-0796 with your questions, or to schedule an appointment. Rick Turner and Associates – Expect More. Get More.
Rick
Rick Turner has been one of the top Realtors in the Hilton Head Island-Bluffton-Beaufort area for over 30 years. He loves being involved in community activities and spending time with his lovely wife. In his free time his wife and he thoroughly relish spending time with their children and grandchildren.
Rick Turner
Turner/Rudd Team
Engel & Volkers Hilton Head Island - Bluffton
Mobile: 843-816-0796
E-mail: Rick.Turner@evusa.com
Website: www.turnerruddteam.evusa.com
