This really is the best time ever to buy your dream home!
We currently have the lowest mortgage rates in modern economic times. Now is the time to lock in those 30 year fixed rate loans. In addition property values have dropped on average 32 percent from their 2007 highs. When you purchase a home today, your property tax base is calculated on the purchase price (reduced 32% approximately) times 1.1 to 1.2% of the sales price for as long as you own the property. The combination of low prices, historically low mortgages and lower initial tax base make it the best time ever to purchase your “Dream Home”!