Is now a good time to buy a home in Springfield MO? You bet it is! Take a look at this graph of interest rates for the past 20 years. As you can see, interest rates are at historic lows. At the same time, home prices are down, making this housing market one of the most affordable in our lifetimes.
But wait, I don't want to lose any money on my home! No one does, but you have to look at the big picture. At these interest rates you can save thousands over the life of your loan. Even if you lost 10% on the sale of your current home, if you buy a higher priced home it is also down 10% from a few years ago saving you more money. For example, if you sell a home in Springfield MO that you paid $100,000 for at $90,000 you lost 10% or $10,000. But if you buy a $200,000 home for 10% off that's $180,000 and you saved $20,000 off the new home. Of course every case is different. Give us a call and we can show you what's possible in your situation!
About The Authors: Betty Knowles is a full-time REALTOR® with Coldwell Banker Vanguard REALTORS® in Springfield, MO and proudly serves on the board of the Greater Springfield Board of REALTORS®. She also served as President of Women’s Council Of REALTORS® in Southwest Missouri. Betty’s genuine passion is helping people buy and sell homes in Springfield, Ozark, Nixa, and surrounding communities.
John Knowles is likewise a full-time REALTOR® with Coldwell Banker Vanguard and a member of the Greater Springfield Board of REALTORS®. A self-proclaimed computer geek, John is talented at developing real estate websites, videos, photography, blogs, search engine optimization and other technical skills essential to marketing and selling real estate in Springfield MO.
Together this dynamic team makes up TeamKnowles REALTORS®, Spouses Selling Houses! They are dedicated to doing what it takes to sell your home in the greater Springfield real estate market, or help you purchase a home that fits your particular needs. Give TeamKnowles a call today; you’ll be glad you did!
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