Real Estate Opportunities Abound

Opportunity comes to people in many different ways and at the strangest of times. That is why now is one of the best times to be buying a house here in Lincoln.  Now don’t take this as a green light to go out and buy whatever property is available. It is time to consider the following:

• Housing prices are at their lowest level in the last 5 years.
• Mortgage rates are at or near historic lows.
• First time home buyers can qualify for a tax credit of 10% on their purchase to a maximum of $8,000.

Let me give you a little more information about the Lincoln market to consider. Although existing home sales are down about 10% from last year, the market is really active for homes of $150,000 or less. Inventory, per the Multiple Listing Service (MLS), is high, so there are a lot of great homes from which to choose. Many sellers are really motivated to sell their house.

Mortgages are available for qualified buyers even as the press reports a very tight credit market. Be prepared to fill out all of the forms your mortgage lender provides and pay close attention to the budget you have for a monthly payment. Be prepared to visit multiple lenders to find the mortgage that is right for your new home and you.

Down markets are opportunities to buy. Let’s go shopping!

Katie Halperin
Nebraska Home Sales
Broker, MBA
402-429-8111 cell
KPH@NebHomeSales.com
http://www.NebHomeSales.com