Mikes Real Estate Blog

If you did not take advantage of the homebuyer tax credit which ended April 2010, there is still good news for buyers in the area housing market. The inventory of properties remains high - somewhat less than last year at this time, and prices are still affordable. Interest rates have dropped to historcal lows - the lowest in decades. Low down payments are still available for buyers that go with FHA financing - only requiring 3.5% down. As home prices and financing remain affordable, buyers are still looking to save money. Location can be key to save money on day to day expenses when deciding to purchase a home.  If the property is within a close distance to work, shopping, schools, and other destinations visited frequently, the savings on gas and vehicle maintenance can really add up, and living near your every day destinations can also provide more time for leisure activities. Energy efficiency should also be a major consideration when deciding on a property. The costs for electricity, gas, and other utilities are day to day expenses incurred as an owner where savings can be realized. When shopping for a home, the age and condition of the furnace, appliances, windows, and orientation of the property are major factors that buyers should keep in mind that can save money. A qualified home inspection can help provide this information. As the economy and unemployment levels improve, housing prices and interest rates will follow. Even with the tax credit expired, it is still a great time to buy.

As a Realtor®, Accredited Buyer Representative ABR®, and Short Sale Foreclosure Resource SFR®, I can help guide you thru the home search, buying, selling, or leasing process. Feel free to call or email me if I can help you with your real estate needs.

Michael Skerrett ABR® SFR®

Realtor®
Milestone Realtors
Cell: 630-310-9587
Web: www.michaelskerrett.com
E-mail: mike@michaelskerrett.com