Banks need to seek out advice on short sales and bank owned properties to help them sell in a timely manner.
Delays caused by bank bureaucracy can kill a transaction and cause a good client to give up hope on a property.
Wise bankers have an agent they call for advice and use as a consistent agent. Loose less money call a REALTOR.
The IRS is offering an $8000 tax credit to 1st time home buyers and buyers that haven't owned a home in 3 years or more. You have to close the transaction and be occupying the home by November 30th, 2009. It take about 4 weeks to close a home bought with a loan (if its a smooth transaction without delays). The race is on call your realtor to start looking and you will save some cool cash on April 15th.
Now is the time to be viewing homes so you will be able to make an offer and have the property close in time for the $8000 dollar tax credit. November 31st is the date you need to be occupying the home. Plenty of good values still available and historically LOW INTEREST RATES. Do not regret missing this opportunity contact a REALTOR and reputable lender today!
In a real estate market where home values are rapidly declining, there is a strategie to help you sell your home for the top value. This trick is to price your home aggresively and competitively to begin with. Don't price your home above the suggestion of your REALTOR or you will be behind the game and loose out to other sellers. Pricing to be seen as a value is the only way to sell in this market. Unrealistic high prices will cause a seller to sit on a property while the market continues to slide downward and you would loose more in the end result if you start out to high.
Seeing the slight upward trend of interest rates, I would be in a big hurry to find an investment property or home before rates get much higher. Now is the time to act, prices are down, interest rates creeping up, but still historically low. DO NOT MISS YOUR OPPORTUNITY!! I don't want to say I told you so!
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