Feb
29

2012 is the Time to Get Off of the Fence

February 29, 2012

Now is the perfect time to act if you have been saving and keeping a high credit scoreWith spring just around the corner, the spring

home buying season is nearly upon us. While it is traditional for home buying to steeply increase in spring, there are many worries about the current market. Real estate expert Steve Cook addresses how these concerns are becoming less of an issue in an article on the Equifax finance blog entitled, “

Buying a Home: Are You Ready?

Reasons to hold out and wait are thinning. Mortgage rates could drop again, but these historically low rates are already a great deal. There is also a real limit to how far the rates could go down, while the recent improvements in the economy could cause the rates to actually increase. In addition, the number of months of housing back inventory is steadily shrinking down and taking with them the must-buy deals.

There could be a huge downside to waiting too. By continuing to wait, buyers can miss the wide range of homes which are available at foreclosure prices as home sellers have to match banks inventory-clearing prices to stay competitive. Similarly, homebuilders are offering new construction at low prices which often include incentives and warranties to attract mortgage approved buyers who have played it safe or diligently repaired their credit.

So, if you have been watching the market, waiting and keeping your

credit score high, now is the time to consult a mortgage finance expert to find out where you stand to reap the best rewards in the current market. For more information from the experts on real estate, credit, insurance, taxes and more, be sure to check in with the

Equifax Finance Blog.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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