Agent Profile
My job is service...service to you and your real estate transactions! How can you benefit from my 25 years of experience and expertise? What can I offer to make the process more productive?
* Current information on available housing...comparative and competitive market pricing and analysis
* Daily involvement in the local real estate marketplace.
* Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business.
* Extensive network of professional resources to make the process as smooth as possible.
My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!
JANEESE JACKSON: 503-709-0802 or jj@janeesejackson.com
Just FYI: Let’s say that a person is considering a $250,000 home in our fabulous greater metro area of Portland, Oregon using an FHA loan (only a couple of years ago, one might’ve laughed at the thought!!). The downpayment will be $8,750. Let’s assume that the home appreciates at a conservative 3% for the next 7 years, the “Future Value” of the home would be $308,000. If the buyer obtained a 30 year mortgage with an interest rate of 5%, with the normal amortization that takes place, the $8,750 down payment would grow to $96,000 in equity for the homeowner.
That’s over 10 times the original investment, and it’s all because of leverage: using other people’s money!!
Just compare that to what the $8,750 would be worth if the purchaser had bought a CD (certificate of deposit through a bank) at 4% (hard, if not impossible, to get right now…let me know if you know of anything close to 4%), it would have a future value of $11,572. At a modest 3% appreciation, the future value of the down payment on the home is worth over eight times more…and that doesn’t even take into consideration the fact that the owner got to live in the home and enjoy it with tax benefits during that time.
The inventory of homes is high, giving buyers a lot of choice. Interest rates are at historical lows, giving buyers more purchasing power. The “First-Time Buyer Tax Credit” is a gift, giving 1st-time buyers a boost (which, hopefully, will “trickle up” throught the home-buying ranks). Just sharing some positive news about real estate!!!
About the Author | Janeese Jackson
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