Real Estate - What to Look For in a Great Value Estate
With the current housing crisis still fresh in the spotlight of the United States and the world at large, it is easy to grow discouraged with the way things are and the assumption that is all they ever will be.
Bad too often goes to worse, and you can take it from there.
Whether you were touched by the bad loans and rampant foreclosures of the last two years or not, chances are you have experienced the ripple effect in some way, shape, or form.
Layoffs, bailouts, unemployment rates, and stimulus packages are the buzzwords of the day, and even if you are the lucky few unaffected by them directly, your home value may not have been.
But in the Wichita, Kansas, real estate market, it seems as though the positives are starting to outweigh the negatives.
A recent study by Yahoo Real Estate shows, in fact, that Wichita homes are actually increasing in value, up .
6%, while foreclosures have fallen by .
7%.
Very upbeat news in a downturn economy! What does this mean to Wichita residents or those interested in investing in the area? It means that Wichita real estate is setting a standard for the rest of the country to live up to, a standard that will continue to increase the value of your homes even as the rest of the economy tries to catch up.
So what should you do now that there is actually some good news in the media (for a change)? You should be investing.
There is no better time than the present for you to enhance the look of your existing property or take the plunge into the Wichita real estate market.
Just keep these tips in mind: Follow the Listings.
- By doing plenty of research, you can stay plugged into the homes that have been on the market for quite some time.
In particular, look for listings that have been on the market for 90 days or more.
Through simple patience and incorporating real estate listings into your daily routine as you would your coffee or the morning paper, you can find the deals and up your bargaining power.
Submit aggressive bids.
- Whether you are dickering with the price on a "fixer-upper" or bargaining on discounted property, never pay the asking price.
Any time you can get a seller to come down off their asking price, it is a victory for you.
The more aggressive you bid, the more likely they are to come down, especially when their property has been on the market longer than three months.
Pounce on interest rates.
- Check with multiple lenders, including local and online mortgage companies.
As the interest rates continue to fall, the time is right for rates that will save you money over a fixed 15- or 30-year mortgage period.
Work to ensure good credit, and you can make the lenders compete for your business.
Wichita, Kansas, real estate is a great value for those ready to take the plunge.
And with the positive signs coming out of the local economy, the drab landscape of housing has a bright future.
Bad too often goes to worse, and you can take it from there.
Whether you were touched by the bad loans and rampant foreclosures of the last two years or not, chances are you have experienced the ripple effect in some way, shape, or form.
Layoffs, bailouts, unemployment rates, and stimulus packages are the buzzwords of the day, and even if you are the lucky few unaffected by them directly, your home value may not have been.
But in the Wichita, Kansas, real estate market, it seems as though the positives are starting to outweigh the negatives.
A recent study by Yahoo Real Estate shows, in fact, that Wichita homes are actually increasing in value, up .
6%, while foreclosures have fallen by .
7%.
Very upbeat news in a downturn economy! What does this mean to Wichita residents or those interested in investing in the area? It means that Wichita real estate is setting a standard for the rest of the country to live up to, a standard that will continue to increase the value of your homes even as the rest of the economy tries to catch up.
So what should you do now that there is actually some good news in the media (for a change)? You should be investing.
There is no better time than the present for you to enhance the look of your existing property or take the plunge into the Wichita real estate market.
Just keep these tips in mind: Follow the Listings.
- By doing plenty of research, you can stay plugged into the homes that have been on the market for quite some time.
In particular, look for listings that have been on the market for 90 days or more.
Through simple patience and incorporating real estate listings into your daily routine as you would your coffee or the morning paper, you can find the deals and up your bargaining power.
Submit aggressive bids.
- Whether you are dickering with the price on a "fixer-upper" or bargaining on discounted property, never pay the asking price.
Any time you can get a seller to come down off their asking price, it is a victory for you.
The more aggressive you bid, the more likely they are to come down, especially when their property has been on the market longer than three months.
Pounce on interest rates.
- Check with multiple lenders, including local and online mortgage companies.
As the interest rates continue to fall, the time is right for rates that will save you money over a fixed 15- or 30-year mortgage period.
Work to ensure good credit, and you can make the lenders compete for your business.
Wichita, Kansas, real estate is a great value for those ready to take the plunge.
And with the positive signs coming out of the local economy, the drab landscape of housing has a bright future.
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