Now is the Time to Buy!

Weather permitting, Westwood Associates expects by the end of January 2009 to complete and have ready for occupancy its first townhouse in the condominium. “This is a very exciting time. Buyers have completed their options list and their color selection forms and are already visualizing their home and their new neighborhood complete.” said Sue Zamis, the companies marketing representative. She is very optimistic about the future. She went further to say that we have already experienced a higher level of activity including many who have already visited the site are coming back again. Coupled with the recently announced lower interest rates at 4.75% she believes that the time is just right to make the commitment to buy. Her expectations are high and bullish. Her bullish attitude is a reflection of news that Grafton and Massachusetts in general has not been affected by the significant reduction in sales due to excessive number of homes subject to foreclosure unlike many places like California, Florida, or Arizona where the foreclosure crisis in those states is well known. For example, 25% of all foreclosure activity in the US is taking place in California. In Massachusetts, less than 2% of the residential mortgage loans are in default or in foreclosure. That is good news for buyers and sellers in our area. According to Ms. Zamis, at an interest rate of 4.75% fixed at 30 years the monthly payment on a $299,900.00 townhome currently on sale at Flint Pond Estates is approximately $2,553.00. This monthly payment includes the real estates taxes, private mortgage insurance, and condominium fees, and homeowners insurance. "Now is the time to buy” said Ms. Zamis.