Dear Buyers, Investors, and Sellers
I hope this finds you and your family well this holiday season. As we close
out 2008 I wanted to take just a moment to thank you for making this unusual year in Real Estate a successful one for www.scottsrealty.com As we kick off 2009, I wanted to give you some food for thought.
In case you had not heard, on Tuesday the Federal Reserve lowered its key
interest rate to 0.25% — the lowest level ever “MSN”. Several banks have
announced they are lowering their rate to 3.25% in light of the Fed’s
decision. Typically the prime rate is 3 percentage points higher than the
fed funds rate ”CNN MONEY”. This will trickle down into mortgage rates
soon resulting in historic low mortgage rates.
For you as a homeowner or an investor this means the time to buy is now. If you are not in the market to buy you should at least consider refinancing
your current mortgage at a lower rate. In the words of Donald Trump, “Buy, Buy, Buy, now is the time to Buy” House prices are at there lowest and the fed just cut the rates. Pool your money, borrow from your family talk to your accountant, whatever it takes, get in the game now!”
Take a minute to give me a call, I am available discuss an approach that
makes sense for you. Together we can make 2009 the year you move form
working for your money to the year you start making your money work for you!
I look forward to hearing form you soon, and Best Holiday Wishes,
Scott