2008 IS THE YEAR TO BUY!!!

This is a great time, if not one of the best time in years to buy real estate. You have heard or read: “Housing sales have hit 20 a year low!” or “California Home Sales drop 41%!”, “State sales have decline for the last 28 straight months…!” All true depending on what and whose figures you use. The reality is we are in a super great buyers market and very difficult sellers market. Two years ago I shared with you how our SCV market had started turning in August of 2005. Since then we have seen the collapse of the sub prime market and a flood of listings that did not sell. Many homeowners have had to go into short pays or foreclosure. In SCV we have seen a 25-30% drop in prices depending on the location. So yes it a great time, if not one of the best time in years to buy real estate.

The Federal Reserve has dropped interest rates to an historic low and most banks are willing to deal to get rid of their large inventories. Read the article entitled "New Law Provides Some Mortgage Foreclosure Relief." This is a great time for those who are prepared to help their children and families to purchase their own home. Homes are still one of our greatest long term investments and will continue to be. Homes are our greatest tax write off and they will grow again in value. Let me show you how to take advantage of this market and get a great deal. Recently, I have helped several couples to get 4+2, 1700+ sq ft. homes for $350,000 and $375,000. I would like to help you too.

“The mission of Classic Real Estate is to glorify God by serving people’s real estate needs with the highest degree of integrity, honesty, and professionalism.”

If you would like to be added to our Client Appreciation program and would like to receive market updates, please email us at info@classicrealestateinc.com.

We look forward to serving you,

Dave McKean
Broker, GRI