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Looking to buy? The time is NOW to make your move!

Written by Laura Wise

Whether you are considering a first home, a larger home for a growing family, moving into your dream home, you have just built at Kolob Ranch or perhaps buying a second home or rental property, land or water.

Two key economic factors – Mortgage rates and Home prices, have lined up in your favor. Take a look at how they are working together to give you extremely potent buying power and why you should take action now before these favorable conditions change.

Irresistible Interest Rates
When you read in the newspapers that rates are at historic lows, this is not an exaggeration. Interest rates on home loans truly are at the lowest they have been in decades. At times of slow or no economic growth, the Federal Reserve will lower the federal funds rate in hopes of making credit cheaper to all people and in turn boosting the economy. This is why home mortgage rates have remained so low. The moment the economy starts to truly grow, the Federal Reserve will start to increase the federal funds rate, and home financing loan rates will follow suit.  Right now, mortgage rates are incredibly attractive at around 4 percent.

Home Prices
In terms of home prices, they have been climbing, note the recent sales within our community.  Inventory might be starting to slip, which could see prices go higher. Using simple supply-and-demand, it’s not hard to see that with declining inventory, today’s low prices could go up in the not-too-distant future. This is just as true for today’s rock-bottom interest rates, so it’s not hard to see why savvy homebuyers are responding to the bargains. All-cash purchases of existing homes are accounting for roughly 30 percent of transactions, and investors are accounting for more than 20 percent of purchases. The investors know a good deal when they see one and today’s lending and real estate environment represents an amazing bargain indeed.

The numbers don’t lie. You will most likely never see a better buying opportunity than now. If you are considering a purchase, call me let me give you all the information to make an informed decision;

Laura Wise, associate broker, Stratum Real Estate Group, Sales manager Kolob Ranch; Member of both the Washington and Iron County MLS Boards.

What Our Customers Are Saying

Very pleased. Joel was professional and honest. When asked, he gave his opinion, but did not try to over sell. He was very responsive, but also was respectful of our space. Our relationship seemed genuine and he gave us great personal attention. H...

Ferrin Affleck

Paige Marsh was the best real estate agent I have ever worked with and I have worked with at least 15 agents in the past 20 years on residential or commercial sales or leases. I work in Sales for a landscape company and I understand what it takes ...

Rob Archer

Paige was always calm, listened to our interests and concerns, and gave careful attention to details. She acted quickly when time was an issue and didn't become frustrated with us when we changed our mind after making an offer. Paige worked with u...

R & R Fawson

For several months,my husband and I were struggling in trying to find a home that would fit our needs. We started working with Paige from The Bird Team and within 1 week Paige found us the perfect home that suited our needs. She was very knowledge...

Lance & Brenda

My wife and I had a great experience working with Paige! She was ALWAYS available to answer our many questions, often at very early or late hours. On the rare occasion she didn't have an answer, she would find us the answer within minutes! She is ...

Steve & Micki

Joel is an honest and straight forward agent. Takes the stress out of all transactions, understands the market, a true asset to buyers and sellers alike. Have bought and sold with Joel and will suggest to all of my collegues and friends.

Jason Killebrew

Joel was very professional during the whole process. I appreciated his quick responses to my calls and texts. I felt he was really helpful without being pushy. He took the time to listen to my concerns and answer my questions. I would definitely r...

Aeme Skelton

Scott provided me with a lead on an investment property that turned out to be just what I was looking for. I quickly cleaned it up a little and he put it on the market to flip it. Within a month I had multiple offers and was able to close with a v...

Tom Comstock

Scott's knowledge of market conditions and realities of the market was a big help in deciding whether the offer was reasonable and should be considered. Scott was very even handed in dealing with the issues of the sale and dealing with the facts n...

Joe

Scott is the best realtor in the area he helped me out of several problems with my loan and several other things involved with my purchase. I'm in California it was hard for me to expedite the things that I needed to in Utah and Scott and his tea...

Kevin

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