Motivated Sellers and Inventory
Now is an ideal time to buy. In most markets affordability is high and there is an abundance of inventory. As a job recovery begins, existing-home sales will continue the recovery begun in 2009 and 2010. There are many options out there for buyers and sellers who are willing to negotiate and work towards a win-win situation that works for both parties. Go to www.REALTOR.com to see over 3.5 million active listings.
FHA Loans Are Available
There are many choices for buyers looking for mortgages. One option, FHA home loans, are a viable alternative for many first time buyers. The Federal Housing Administration (FHA) — which is part of the U.S. Department of Housing and Urban Development (HUD) — insures the loan, so your lender can offer you a better deal, including a low down payment and low closing costs.
The FHA single-family loan program is alive and well. As specialty mortgages have faded away, FHA is stepping in. In fact, the FHA market share is up to more than 30%, from just 6% in 2007.
HouseLogic Buying and Selling
HouseLogic.com Buying and Selling offers helpful information for buyers and sellers to ensure they make smart, confident decisions about their purchase or sale. Visit www.HouseLogic.com/buyandsell to learn more about everything from financing and showings to closing and moving.