What an opportunity for buyers! This is the best time to buy a property in the 27 years of our real estate experience.
Interest rates are at historic lows. For those of you who think this is just a line, in 1984 when our broker became a REALTOR, interest rates were at 18% and went up to 22-23%! Not around 5,6,7% that is available now. SO, when you hear people say that rates are incredibly low, they speak the truth!
Back then, people still found ways to buy a home. They understood the importance of home ownership. Why not build equity for oneself than for someone else?
Maybe now is not the best time for you. Maybe you have had credit issues, divorce, loss of job, medical problems....any number of things can happen to alter your ability to buy. Do not be discouraged. You just need to speak with a lender to discover what you need to do to be in a position to be able to buy. You can learn what sort of time line you have in order to be prepared to buy.
If you are in a position to buy now, we can help you! The role of a REALTOR is to help you make a property decision that is right for you.
We will ask that if you are a buyer, we would like you to be prequalified through a lender before we show you property. That protects you from falling in love with a home you cannot afford and keeps us from doing work that we will not get paid for doing. Also, when you find the perfect property, we can use the prequalification as a tool in the negotiation of your contract. Most sellers will not accept an offer from someone who has not been prequalified by a lender. It is just a smart way to start your search.
Historically, REALTORS have been your best way to find out about properties for sale. Although we are still able to do this, technology has changed our business and our purpose. The internet is the main source, statistically, for buyers to find properties. With multiple listing service (MLS) access fairly available online, most buyers will actively search for what they want. We still send to our clients listings that match their wishes, but we know that finding the property is not the main service you need from us. Although there are still buyers who do not search on the internet for properties, the majority of buyers will search for properties on their own. The purpose of the REALTOR has shifted to other valuable services. Now, we show you the properties, supply you with information to help you make an educated decision about what a property is worth, help you through all the steps of the buying process......help you find a lender, explain the whole buying process to you, assist you in finding inspectors if you so desire, represent you in the preparation and negotiation of contracts, help you through all steps leading to closing on a property plus attend closing with you. All, usually, at no additional cost to you!
Call us today to see what we can do for you. (815)966-1220 Ask@OwnItRealty.com
Own It Realty, 2915 N. Central Avenue, Rockford, Illinois 61101