Comments on: As Seen on ABC Nightline – What Can You Buy With $100,000 in Today’s Real Estate Market? http://blog.ewm.com/2009/01/13/as-seen-on-abc-nightline-what-can-you-buy-with-100000-in-today%e2%80%99s-real-estate-market/ Public Blog Mon, 16 Nov 2009 15:18:24 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Ariel Segall http://blog.ewm.com/2009/01/13/as-seen-on-abc-nightline-what-can-you-buy-with-100000-in-today%e2%80%99s-real-estate-market/comment-page-1/#comment-12729 Ariel Segall Fri, 16 Jan 2009 13:37:36 +0000 http://blog.ewm.com/?p=14591#comment-12729 Ron Great interview . Congratulations .... Not only the Bargains are there, but also the same are really affordable for First Time Home Buyers through FHA, a government sponsored ( insured ) loan program that allows buyers to get those great homes with only 3.5% Down. Picture this, as of January 16th 2009 a qualified buyer could buy a $103,627 home by putting only 3.5% down and getting an Interest Rate of ONLY 5.00% . That is just a monthly payment of $546.00 plus escrows and mortgage insurance. Furthermore, if that buyer works with a great EWM realtor, he/she could negotiate up to 6% of seller's contribution towards closing costs and pre-paids and basically buy that home for only $3,627.00 Worse case scenario, buyer will still buy a great bargain with only $8,427.00 plus pre-paid taxes and insurance escrows. ( Estimated closing costs of $4,800 includes lending, title and government fees ) To me 2009 is the year of the Buyer's .... Ron

Great interview . Congratulations ….

Not only the Bargains are there, but also the same are really affordable for First Time Home Buyers through FHA, a government sponsored ( insured ) loan program that allows buyers to get those great homes with only 3.5% Down.

Picture this, as of January 16th 2009 a qualified buyer could buy a $103,627 home by putting only 3.5% down and getting an Interest Rate of ONLY 5.00% . That is just a monthly payment of $546.00 plus escrows and mortgage insurance.

Furthermore, if that buyer works with a great EWM realtor, he/she could negotiate up to 6% of seller’s contribution towards closing costs and pre-paids and basically buy that home for only $3,627.00

Worse case scenario, buyer will still buy a great bargain with only $8,427.00 plus pre-paid taxes and insurance escrows. ( Estimated closing costs of $4,800 includes lending, title and government fees )

To me 2009 is the year of the Buyer’s ….

]]> By: Jena Congdon http://blog.ewm.com/2009/01/13/as-seen-on-abc-nightline-what-can-you-buy-with-100000-in-today%e2%80%99s-real-estate-market/comment-page-1/#comment-12678 Jena Congdon Tue, 13 Jan 2009 22:46:16 +0000 http://blog.ewm.com/?p=14591#comment-12678 Ron did a great job....positive outlook with wide range of options in neighborhoods and types of properties. Thanks Ron! Ron did a great job….positive outlook with wide range of options in neighborhoods and types of properties. Thanks Ron!

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