That’s right – now is the time to buy a home again here in the Northwest Chicago suburbs. Schaumburg, Bartlett and Hoffman Estates have some great homes up for sale that could be right for you!
There is a reason that I say this however, as Realty Times has again said that now is the time to buy, again!
If you have solid income, good credit and your deposit in hand and have shopped for a loan, why wouldn’t you want to take advantage of one of the best markets for buyers in decades? Of course, if you aren’t even sure on the first step to make to get on the housing ladder, that is ok. Give me a call and I will help guide you in the right direction.
Until then, here are some quick facts about why it is time to buy:
1. Distressed sales - these are sales that are of foreclosed homes or short sales, right now they are accounting for a larger than usual number of transactions. In February they stood at 34% of sales according to the National Association of Realtors.
2. Investors - They are snapping everything up! In 2011 they bought 64.5% more homes than they did in 2010 and now are purchasing around 1 in 4 homes.
3. Second homes are back! – Thats right investors and those looking for a vacation home are buying again and this section of the market is up 7%. This means that inventory for those of you looking to purchase your primary residents will start to be eaten up by those buying second homes in desirable locations.
4. Investment home prices are up! – Up 6.4% in 2011 from 2010. If the market is good enough for more investors then it is an attractive proposition for renters looking to buy their first home.
5. Interest rates are low! – Thats right, they are at their lowest for many decades. Meaning that mortgages are more affordable now than in many years making it often cheaper to buy than rent in many cases at the moment.
Final word, don’t go it alone! If you are looking for a home then get in touch today for professional real estate advice in the Northwest Suburbs from me, Joe Stacy.
Don’t forget if you are thinking of moving to Schaumburg, Hoffman Estates, Bartlett or any other part of the NW Suburbs. Remember, finding your dream home or finding a buyer is only part of the challenge of a successful transaction. Click here to search Bartlett IL, Schaumburg IL and the Hoffman Estates using our complimentary MLS Search service. You can also view our fantastic range of featured properties!
Alternatively please contact me today if you need more specific assistance in your real estate needs. FILL IN MY CONTACT FORM HERE! Or you can call the office on: 847-874-6731 or Cell phone on: 847-913-2606 or of course email me at: Joe@JoeStacy.com. You can also follow Joe on Twitter @NoAvgJoeRealtor.
My expertise, experience and dedication to you and your specific needs are anything but average – it’s why this office is number one in the Northwest Suburbs year after year!
2570 W. Schaumburg Rd Schaumburg, IL 60194