May 11, 2009

Now is the time...

Posted to Fair Housing, Janet Giovannetti

In catching up on my professional reading, I came across two articles discussing the dilemma facing potential real estate buyers.

Both the Chicago Tribune and the Wisconsin Real Estate Magazine made the same case for purchasing:
  • Great selection
  • Prices have declined
  • Market may be at the bottom
  • Government inducement to purchase
  • Low interest rates
But the Tribune also presented the case for not purchasing:
  • Prices may fall further
  • You need to stay in the home for a few years if you take advantage of the first time buyer credit
  • Renting isn’t a crime
  • Financing qualifications have become more complicated and stringent
What’s a buyer to do?

Examine your motivation for purchasing: Growing family? Downsizing? Job transfer? Investment opportunity? Retiring to your dream home?

Know your target market: All real estate is local, and in a second home market such as the Geneva Lake area, the variety and choices are vast.

Know your financing options: Do you have a relationship with a lender? Do you understand the loan process? Do you have a home to sell? Are you taking advantage of the first time home buyer incentive? Do you qualify for an FHA loan? A rural development loan? Are you a cash buyer?

By now you may have come to the conclusion that you need help in sorting out the possibilities. That’s why savvy buyers work with a local Realtor® they know and trust. Your Realtor® can save you time and money and help you achieve your goals. Call me.

Posted by:Janet Giovannetti

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