Friday, December 12, 2008
Awesome combo
I've blogged on this once, but I've got to say it again: keep an eye out for real estate bargains this holiday season. Builders who are within a few units of closing out a project are extremely motivated to make deals. In a couple of condominium complexes, I've seen the last units go for 30-40% below the original list price. With interest rates around 5 1/8% for borrowers with excellent credit, these make hard-to-beat deals. Of course, you need to take a hard look at your financial position before you make any purchase, but if you are thinking of making a purchase early next year, consider starting now.
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