Posts Tagged ‘Hilton Head Home Buyers’
No One Lender is Best For All Hilton Head Real Estate
Go Gated Realty is all about service and expertise in all areas of Hilton Head real estate and this includes knowing which lenders have the best loans for the real estate that you want. We work regularly with many Hilton Head area mortgage lenders so that our clients get the best Hilton Head loan products and rates available and no one lender is right for all borrowers. While most all Hilton Head lenders offer low and competitive interest rates, these same lenders will be more or less attractive depending on what you buy. Buyers who have specific needs catered to by different lenders include:
- Hilton Head first-time home buyers
- Hilton Head Jumbo loan borrowers
- Hilton Head non-conforming property buyers
- Hilton Head Canadian home buyers
- Hilton Head commercial property buyers
- Hilton Head ‘investment’ property buyers
- Hilton Head building site (lot) buyers
A good Hilton Head Buyer’s Agent knows how to save your time and help you find the mortgage that you want. To find the property you want and help with the best loan, call me, the Hilton Head Gated Communities Specialist® today! My cell number is 843-684-2933 and my email is below.
Richard Kadesch, Owner and Broker-in-Charge
The Gated Community Specialist ®
Go Gated Realty ®
Hilton Head Island, South Carolina
Rich@gogated.com
www.GoGated.com
1-800-333-5025
Read Some of My Clients’ Success Stories
Hilton Head Homes Are More Affordable Than Ever
Many voices say that now is the best time ever to buy a home. This fact is often mentioned regarding the opportunity for Hilton Head first-time home buyers but it is true for all home buyers as well. One reason why is the affordability index.
The affordability index is the amount of your income that it takes to make payments on a conventional home loan for a median priced single family home with 20% down. According to the National Association of Realtors, this index rose to an all-time high of 158.8 in December, 2008. This same index bottomed out in July, 2006 at 99 when home prices were much higher than they are today. As prices came down, affordability went up.
Another index by the National Association of Home Builders and Wells Fargo Bank confirms high affordability today but measures it differently. It is called the Housing Opportunity Index and it is the percentage of all new and existing homes that were sold during a three-month period that were affordable to a family earning the national median income. This index measured affordability at 46.6% for the 4th quarter of 2007, 56.1% for the 3rd quarter of 2008 and most recently 62.4% for the 4th quarter of 2008!
Both indexes tell us that the low price of homes today make them more affordable than ever to more people. Because prices continue falling, it is reasonable to expect that the next measure of home affordability will be even higher than the last. The trend toward lower prices continues and as it does, homes are more and more affordable to more and more buyers. For owners who want a villa as a residence, there is a good selection for less than $100,000 right here on Hilton Head Island!
Hilton Head Affordability Mirrors National AffordabilityThese national numbers are consistent with lower home prices that we have on Hilton Head Island today and in Bluffton, South Carolina, the fast-growing town just across the bridge from Hilton Head Island. While Bluffton does have some very exclusive gated communities, Bluffton is generally more affordable than Hilton Head Island with many homes priced under $250,000 and $200,000. To see for yourself, search all MLS home listings at GoGated.com. Set your price range and search area 16 which is Bluffton Off-Planation.
All Hilton Head Home Buyers Benefit With Lower PricesAffordability is up and all buyers benefit today by homes for sale at lower prices and greater affordability. This includes the buyers of luxury homes, first-time home buyers and retirement home buyers. Let’s face it, everybody loves a bargain and greater affordability are the silver lining for buyers in today’s economic crisis.
Low Interest Rates Contribute to High AffordabilityToday’s low interest rates mean lower monthly payments. Conventional 30-year interest rates have been steady around 5% recently and as low as 4.75% yesterday! Low interest rates combine with low real estate prices for higher affordability. A quarter per cent difference of interest per $100,000 payment is $16 per month or $32 per month for a $200,000 mortgage. The affordability of all properties is effected by interest rates and all buyers appreciate lower payments.
To discuss how much you like bargains, saving money and your love of affordability, please call or email the Hilton Head Gated Communities Specialist today!
Richard Kadesch, Owner and Broker-in-Charge
The Gated Community Specialist ®
Go Gated Realty ®
Hilton Head Island, South Carolina
Rich@gogated.com
www.GoGated.com
1-800-333-5025
Read Some of My Clients’ Success Stories