[NOTE: See April 17 post re: Job Loss Protection plan associated with this program.] 

Mortgage rates are at historic lows.  Home prices are way down.  There’s even a new first-time buyer tax credit in the stimulus package.  No wonder everyone’s saying it’s a great time to buy.  But, is it the right time for you to buy?   

W.C. & A.N. Miller Realtors and Long & Foster just announced a dramatic new Buy Confident™ Plan designed to help you decide whether now – or later – is the best time to buy, based on your personal situation.  It’s a sensible, objective barometer for you amidst all the headlines about “buy now!” and “low rates” and all the chaos associated with today’s economic crisis.

If now turns out to be a smart time for you to buy, you have exclusive access to a program in conjunction with our affiliate, Prosperity Mortgage®, that guarantees the lowest mortgage rate available or you receive $500*. This will help assure that should you decide to buy, your mortgage financing will be as advantageous as possible.

We’ve never done anything like this before, but we’ve never faced a market like this before either.  If you’d like to learn more, please contact me about the Buy Confident Plan and I will explain how it can work for you.

Where do you stand?

Your family, your career and interests, and your personal financial picture really determine whether now’s a good time for you to consider buying a home.  The following questions should help give you get a clear picture of exactly where you stand.

• Would you plan to live in the new house at least 5-10 years from now?
• On a scale of 1-10, Where 1 is ‘risk adverse’ and 10 is ‘risk taker’, how would you rate your risk tolerance?
• Do you have a financial advisor helping you make decisions?
• How does your house fit into your overall wealth/asset planning?
• How secure are you in your current job(s)? Could you still afford a home if you lost (one of) your income(s)?
• How much can you comfortably afford for a down payment?
• Have you assessed the bottom line impact of buying vs. renting?
• Do you currently own a home?
• What condition is your house in?
• How fast are homes selling in your neighborhood?
• Are there any other financial issues that you would need to address before buying a new home?
• Have you checked your credit report/score?
• Have you calculated a monthly mortgage payment you can afford?

What is your next step?

I hope you found the preceding questions helpful, and I realize you may not have all the answers.  If additional research is needed, I am ready and willing to help. 

If you have determined that now is a good time for you to buy, I will outline a plan to help you move forward with confidence in your next purchase.  I will be glad to email you a 10-point Outline of your personal “Buy Confident” Plan which we will construct together. 

Contact me at hslowinski@longandfoster.com or Hill@HillSlowinski.com, or call 301-320-8430.

F. Hill Slowinski, JD 

WC & AN Miller Realtors, A Long & Foster Company

4701 Sangamore Road,  Bethesda, Maryland  20816

Cell: 301-452-1409  Direct: 301-320-8430  Ofc: 301-229-4000