The real estate market has always been cyclical. Right now is an opportune time to “move” in this market. Interest rates are at an all time low, foreclosures and short sales are at an all time high. This opens the window of opportunity for buyers to acquire a home, investment, or income property at unprecedented prices. While lenders are skeptical, creative financing is a good way to go. For sellers who can not sell at the current market value, the rental market has given them an chance to keep their home while generating some income to help with the burden of the mortgage. For sellers who have a lot of equity, own their home free and clear, or have assumable loans, this market is still a good environment with creative financing methods. And, for buyers, this is a treasure trove of choices.
Contact us today for an in-depth review of your options.