Experts across the nation all agree that home prices are becoming more attractive than they have been in recent history. Thanks to incredibly low interest rates, new accessibility to home loans, and a thriving market inventory, buyers and sellers are in a prime position to make the market work for them. As home prices begin to stabilize, buyers and sellers have good reason to look forward to the summer 2009 market.
Given the historically low interest rates, buyers are in a prime position to purchase their new home. If interest rates were to climb, even 1/4% over the next year, buyers would miss out on an additional $12,000 in savings over the life of a 30-year fixed loan. A savings like this is the equivalent of an FHA down payment on a $250,000 condo in the Chicago-area neighborhoods. With opportunities like these buyers can utilize their capital more effectively by creating greater long-term investments. Thanks to recent price adjustments we are urging our buyers to take advantage of these incredible opportunities.
Sellers can also benefit from the market's recent adjustments. As buyers gain access to home loans and low interest rates, many are eager to purchase their long awaited dream home. Thanks to the buyer's new purchasing power, sellers can look forward to the upcoming summer market. Sellers should experience shorter market times and expedited closing transactions.
With the summer market upon us, we at @properties are urging our buyers and sellers to take full advantage of this window of opportunity. Thanks to our innovative marketing techniques, and my expertise as a Real Estate consultant I am confident that I can suit all of your needs.
If you have any questions regarding market conditions, or want to set up an appointment feel free to contact me at anytime. I look forward to working with you.
(@properties June 2009 Newsletter)
Dave Straub @properties 773.255.3180
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