Here we are just starting 2013 with the real estate market feeling like it is picking up. Home buyers and sellers have been calling since the first of the year. A prime time to buy real estate as a first time home buyer, investor, move up property buyer or seller. The interest rates are still low, prices are still at a best price of our lifetime low and competition is not at a peak yet.
For real estate investors, there is a lot to choose from. The numbers are working as far as the ROI (return on investment). I just sold a 3 flat in the city with a minimum down payment (FHA) and after all repairs, there will be a profit at the end of the month. Buyers are purchasing homes with their mortgage payments, taxes and insurance being less than rent for the same level of property. Investors are purchasing single units and renting them out for way more than their PITI. I have many examples.
Now is not the time to sit on the fence and wait. There are plenty of short sales, Foreclosures and great deals on the market now. Once the market turns, many of the deals will disappear!
I answer questions for free, so call me if you are looking to purchase or sell a property. I also meet with sellers falling behind on payments that need guidance on what to do with their home.
I’m the leader of The Julie Anne Real Estate Team at Keller Williams Success Realty. A Northern Illinois real estate agent CDPE Certified for Short Sales and REO, I am a real estate expert in Barrington, Deer Park, and the surrounding areas. I can help you find your home’s value or locate Barrington homes for sale and Deer Park homes for sale. Visit my website for a link to your specific neighborhood Real Estate Market Snapshot.