Jim Carey Exton Real Estate

There are still plenty of bank owned properties on the market. But don't overlook other listings because anyone that has their home up for sale right now is motivated by something - possibly they are about to go to foreclosure themeselves. The bottom line is that there are plenty of great deals out there. but not if you are selling!

There is talk that there will be some changes, possibly elimination. of Fannie Mae and Freddie Mac within 3 years. This could, according to some, mean the end of the fixed rate mortgage in favor of adjustable mortgages. It is something to keep your eye on because it will affect how you will buy your next home. 

When is the best time to buy? Keep an eye on the market in your area to see if prices are beginning to rise over a 2 or 3 month period. This should indicate that the market has bottomed and it may be time to buy in order to maximize equity in the future. Also monitor the mortgage rates, as they will begin to rise as the economy strengthens. 

Early next year I will be adding a feature that gives you a link to the same Multiple Listing Service that I use.  This will allow you to search for homes anonymously. You will not have to provide any information about yourself but, of course, I will hope that you will contact me if you find a home that you like and want to have a showing.

The economy is in trouble and unemployment just hit 9.8% - the highest in 7 months. For most people, this means you should lay low and not do anything in real estate unless you have to. But if you are in a secure position, there are plenty of great deals out there - foreclosures, sellers desperate for an offer and all with the lowest mortgage ...

Nationally, the inventory for homes for sale is at 11.1. This means that, if no new homes go on the market and home sales continue at the current rate, it would take 11.1 months to sell all of the homes currently for sale. This means 2 good things for you if you are planning to buy a home: there are a lot of homes to choose from and not many ...

The Federal Reserve is planning to dump $6B into our economy, which should cause mortgage rates to rise from the current 4.25%. Now could be the time to buy (if you don't have a home to sell). Please contact me if you are considering a purchase so that I can set up a search to find the right home and then help you through the entire ...

It's October, so the Phillies must be starting the playoffs. They have made it for 4 straight years by winning the NL East. Bounced out in 3 games by Colorado in '07, winning their first World Series since 1980 in '08 and getting eliminated by the Yankees in '09. Now they have the best 3 starters in baseball - Halladay, Hamels and ...

With interest rates arouond 4.5%, lots of homes on the market, sellers willing to make a deal and FHA mortgages requiring only 3.5% down, you would think this is a great time to buy a home. And it is, unless you are fearful that you might lose your job in the near future or, worse yet, have been out of work for a long time. Things are not great ...

The Good: it's a great time to buy a home - prices are down, sellers are desperate and mortgage rates are at an all time low (around 4.2%). You can save thousands of dollars buying in this market. The Bad: mortgage money is harder to get, you may not have a job or think you will lose it in the near future and you have a house to ...