If you are moving to Indiana, here is a little road construction report that might come in handy. I know that in Lake County , the road construction is due to be finished by this November. The traffic will move more smoothly after they are finished. Good for us, they will be done right before our first snow.
The lending industry is making it harder for homes to get bought and sold. I think keeping rent to own options an option is a good way to helping get our homes sold. Its not for everyone, with a good down payment and close to a financial advisor to help the buyer along might help to get some homes sold. I believe in doing as many Open house as you can. A little extra marketing goes a long way.
I know its a cycle that will get better , I can say in one year or two. I keep hearing agents and mortgage specialist talk about at the end of 2009 maybe 2010 before lenders start easing up and this market get back on track. Some say we just need this correction, I agree. Let it ride itself out and the people who buy know might just walk away with a little equity in their pockets.
Suggestions and thoughts?
I cant say how much Rent to Owns have really helped this market. Even if the Lending industry has raised their bar for owning a home, we as real estate agents can help get buyers into homes and sellers out of thiers. Its a good feeling to see people get the home of their dreams. We are doing quite a few Rent ot Own programs here in North West Indiana.
I have been learning alot in Real Estate. One of the biggest things I have learned is how to change with the Market. With the Lending Industry raising the bar on credit scores, it is harder to get a loan on a home. I think as Real Estate agents we need to help our clients with the possibilty of a Rent to own,or land contract. Even the offer them free credit repair to help them get a better rate when they can qualify. Then it can be said that Real Estate agents came to the rescue to help get the Industy back on track.
Todd Crilley
NW Indiana
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