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There is just one overwhelming and compelling reason to buy real estate right now!  No, it is not the low prices. No, it is not the huge selection, No, it is not that prices are rebounding.

That one reason is, as I write this the national average for mortgage rates on a 30 year fixed rate mortgage is 4.35%. It is amazing but if you borrow $200,000 today, and move into a home that you like, your payment would be $995.62 per month.  And if you borrow half of that to buy a home, and we have lots of them available in Lee County, your payment would be under $500 per month.  

Cheaper than rent? You bet!  Even with property tax and insurance.  Unless you are intending on reselling or moving again in a year or two you might be making the mistake of your life not to take advantage of this situation. Use the Mortgage Calculator and Daily Bank Rate Postings on this site to check your situation.

Even if your mind is uncertain in these unique times remember these current rates are the best they have been since the 1950s. To see how long ago that was: there was no color tv, no cell phones, no home computers, and no seat belts in cars in the 50's.  Even if prices never rise again (highly unlikely), you will be building equity and should have a tax reducing write off of your mortgage interest etc. (check with your accountant or tax preparer). Isn't this better than rent?     

Right now there are Federal and other programs that you may qualify for that make purchasing easier.  Just give us a call and we will make sure you get your personal situation looked at for financing options and help you find a great property for you. 

Remember these rates disappeared from the 50s to the 2008s, (a long long time to wait). And if you wait and the rates rise by just 1/2% to 4.85% your $995.62 monthly payment increases to $1055.38 or $21,513.60 for the life of the loan. That's a lot of money to waste!!

And that's Why you should be thinking of buying!