Nate & The 12:45 Team Did It Again
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Thinking of Buying?

Cedar Lakes Buyer Specialist - Phillip Simon

Contact me to set up an appointment to see what is available in Penderbrook.

In Cedar Lakes, 12 homes have sold in the last 6 months! It's a great time to buy or sell now in this wonderful community!

You can still take advantage of low prices in most places around the country, and mortgage rates are at once-in-a-lifetime record lows: 30- and 15-year fixed mortgages are around 4% and 3%, respectively.

Buyers are no longer afraid of “distressed” properties; that is, short sales and foreclosures. Foreclosure specialists say there are even bidding wars on foreclosures, because investors know these rock-bottom prices aren’t going to last forever.

A short sale is actually a good sign: Short sales do less damage to their surrounding neighborhoods than foreclosures do, both because foreclosures drive values down further and often fall victim to neglect or vandalism. Short sales are also better for banks because they get distressed properties off their books faster and don’t have to pay as much in legal and administrative costs. So now is the time to buy!