Real Estate news

Calling all Renters...

ATTENTION, We are in a Buyers Market. Sales Through Out the Whole Area.

Where are you?

The Interest Rates are Down. There are Twice as many homes to chooses from. Sellers are more than willing to negotiate. Home Prices are Down. Lenders have done away with all those crazy loans. So why is it you are waiting, and all the while, still continuing to rent and throw your money away?  It may not get any better than this. If you passed by a gas station that was a dollar a gallon cheaper than everywhere else, would you stop and fill up your tank? Or would you just drive right past waiting on something better?

For a couple of days last week, the interest rate was 5.5%. It has not been that low in a long while. It has since gone up to 6% or a hair below. Now is the time to get with a lender and to lock in on that low rate while you are searching for that dream home. With the interest rate this low, you can now afford so much more house for your money. The longer you sit on the fence deciding is allowing for the interest rate to creep up higher, giving you less and less house for your money. Do not believe that the interest rate is going to stay this low or is going to continue dropping. If you are waiting on this, you just may miss your chance.

Right now there are at least twice as many homes on the market for sale. That is a very good thing for the buyer. 2 years ago, homes were snatched up within 2 weeks or less of being listed. Thus giving the buyer no choices. They had to take what they could afford and what was available in their time frame. Not today. The buyer can look and look until their hearts desire to find that perfect one. This is no longer like fighting over the last Cabbage Patch doll at Toys R Us at Christmas Time. There is plenty to choose from. It can't get much better than this.

With all the homes on the market now, the seller who needs to sell, just can't stick to his guns to get the price he wants. Every Seller I know needs to sell and they needed it sold yesterday. 2 years ago it was a sellers market and you could not get them down in their price. Today most are willing to negotiate, just to get it gone. Most have already reduced their price, just to get the buyers looking. And they are continuing to do so quite regularly, making your new home, now much more affordable. Giving you more home for your money. Plus they are now more willing to do the repairs and the cleaning before hand. And this also saves the buyer time and money. Remember, you can ask for anything you want in a contract. Say you do not like painting. Negotiate to get the seller to paint if needed.

Lenders have done away with all those crazy loans that have gotten us in this mess in the first place. You can now feel confident about the loan you will get. Get the secure Fixed rate loan. The only thing that may increase is your taxes and insurance. Which is something you can depend on to increase anyway. But you will have the security of knowing your monthly payment amount, same as you do your rent. And Rent increases too.

So tell me again, Why are you renting? You are not receiving the tax break at the end of the year. You can't claim rent on your taxes. You can't do what you want with the home. You can't upgrade. Heck, if you plant a flower in the yard, you can't take it with you when you leave even. Why pad the owners pocket? You can develop equity in ownership. Home Values will eventually increase, it is a given. People have got to have a place to live. And we are always increasing in population. Think about it. The housing market is up and down. It always comes back.

I hate it for the sellers right now. But it does wash. If you have to sell your home, chances are you are buying another one. So if you sell at a discount , you also buy at a discount. And besides it was a sellers market for way too long. It is the buyers turn now. They have had a long wait and it is finally their turn. The housing values had just climbed extremely too high, in most cases they had increased at least 7% a year or more for every year we were in the sellers market. And home values had gotten way out of hand and just became too unaffordable for the common buyer. Now they are back to where they should be. And most of today's, first time buyer's can now afford a really nice home for about the same monthly payment as they were renting for, to begin with. Who knows, you may even qualify for a brand new home. But if you don't talk with a lender and a Real Estate agent, you will never find out. Wouldn't be nice to be in a Brand New Home with that Brand New Smell? Just imagine it. To be the first owner.

If you are thinking about buying a home or it has crossed your mind, don't sit on the fence to long and miss you chance. This is your time. This is your opportunity. It is time for you to go for the gusto. Get that perfect home at an affordable price and sleep peaceful at night, knowing it is all yours to do what ever you want. 

Just give me a call, I will help make you home ownership dreams a reality. I will walk you every step of the way. Inform you of everything you will need to know, to help you make the best decisions. And we will negotiate like crazy to get you the best deal.

Lynn Rawlinson, Realtor, Associate Broker,

            Accredited Buyer Representative

Direct Number #334-467-5727

Email: fnd14u@aol.com

Coldwell Banker, Towne Realty

www.tricountyhomepages.com

www.LynnRawlinson.com

Striving to be YOUR REALTOR FOR LIFE