From my perspective, the market seems to be starting to stabilize. People are beginning to feel confident enough to start the process of purchasing a new home. Housing prices are very good right now and enticing not just to first-time buyers who are excited about the possibility of using the tax credit. People wanting to move up or downsize are putting their toes in the water as well.
Right now, I see buyers looking at more properties during their search. This is probably due to the number of homes available and that buyers want to be sure that they are getting just what they want. Also, I see them relying more on their Realtors to find prospective homes. Realtors often have a better knowledge of everything available in a neighborhood, including foreclosed homes which can be a bargain.
The process is taking a little longer right now, as the lenders and appraisers are being more careful in an effort to make sure buyers are qualified and the properties are priced correctly and fairly.
So, if you have been considering a move, now might be the time to start. Let me put my experience in the Northwest Indiana real estate market and commitment to my clients to work for you in finding the home that meets not just your needs, but your dreams. From home search to closing, I know the ins and outs of the process and will provide you with the best outcome integrity and experience can offer.
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