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CUR Realty
Commercial, Urban, Residential Realty
An estimated 1.5 million foreclosures are expected for 2011. The foreclosure moratoriums that were put into effect stemmed the tide however, it was only a temporary relief. That volume delayed last year is flowing through banks today. The impact of foreclosure delays and regulatory scrutiny will result in much longer foreclosure timelines thereby, increasing costs to homeowners. One alternative to foreclosure is a short sale.
Facts you should know about today's real estate markets:
- The combination of lower home prices and low mortgage rates has made housing more affordable.
- Grab a low interest rate while they are still available.
- There are opportunities for both first time buyers and investment buyers.
- Make sure your home is priced appropriately thereby, increasing your opportunity of a quick sale.
- Today's seller must have realistic expectations in relating to the current market.
- Sellers remember to recoup when you buy.
- Lending rules are tightened, check your credit report and pre-qualify for a mortgage.
- Affordable mortgaes are available for people with not so perfect credit.
- History has proved that over several years it makes more sense to own a home.
- Getting assistance from a Realtor is a smart financial decision.
- With distressed and traditinal properties for sale it has never been more important to work with a Realtor.
- Cur-Agents know the market and can offer trusted counsel for both sellers and buyers.
CUR Realty is an Illinois Real Estate Brokerage Corporaton.
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