Interest rates continue at historic lows as we head into this weekend....5.25% 30 year fixed, 4.50% 15 year fixed....With prices 38% below 2005 buying levels and these interest rates, anyone even remotely thinking of buying should be talking to a professional REALTOR....Honestly there is a shortage of homes on the low end ($150K and down) but you really won't ever find one if you aren't connected to an agent who is looking for you....I'm here to help and answer all those questions you have....Contact me...My cell is the best way to reach me, 928-300-4718 or email me at timt@cwbanker.com....

Shiller/Toth Agree

Read a most interesting article in which they said that Shiller estimates no increase in real estate values for at least five years, maybe as much as ten....exactly what I've been telling my clients. My point in this is...if you are waiting for a market rebound before selling your home, you are going to need plenty of patience. As I've said to plenty of people, forget 2005, it's over and done, prices have now adjusted to where they will be for some time, so accept it, and do what you must. Remember, if you sell in this market, you will be buying in the same market so...apples to apples!

Free Money

Take advantage of the Federal Tax Credit of $8,000 for "new" (haven't bought a home in three years) home owners. It's truly a credit, if you don't owe taxes at the end of 2009 when you file, you will receive the full $8,000 from the Fed. Must purchase a home by November 30th....
National Association of Realtors is working hard in Washington DC to get this changed to $15,000 with no stipulations....Keep your fingers crossed, this would be huge! Call me with any questions on this.

Think You're in Trouble

If you think you are in trouble with your mortgage, follow these two steps...

1. If you think you should qualify under the federal governments MODIFICATION program,
go to the following web page makinghomeaffordable.gov and follow the prompts....
2. If step 1 doesn't work, call me and let's talk about your situation...by answering a few simple questions we should be able to determine what direction you should go....

UNDER NO CIRCUMSTANCES, AVOID THE ISSUE....PLEASE, PLEASE, PLEASE, LET ME HELP YOU FIND THE CORRECT HELP.....

You can email me at timt@cwbanker.com or call me at 928-649-4617