Any prospective homebuyers who backed off from their Toledo, Ohio, and metropolitan area house-hunting because they feel they missed out on the tax credits should consider this. Maybe a check won’t arrive from Uncle Sam, but you might get a mortgage today at a rate considerably below the one you would have gotten during the program. The net impact could be that you will actually realize a greater savings over the time you own your home than if you had gotten the tax credit!
Many “experts” nationwide speculated that the expiration of the tax credit program would take the wind out of the sails (sales?) of a rapidly improving real estate market, but the mortgage market is definitely propping up activity.
If you made it this far reading the blog, chances are good you might be among those searching for Toledo real estate who could benefit. What are you waiting for? “Historically low rates” will not last forever! Contact The Danberry Co., Realtors or a First Mortgage Home Mortgage Consultant today!
May proved that the end of the real estate tax credit for buyers didn’t bring business to a halt! The month was still busy for Maumee Real Estate, Sylvania Real Estate, Toledo Real Estate and other surrounding areas, including Oregon, Northwood, Perrysburg and Holland. Monroe County Real Estate also showed signs of improvement.
Some of us who have lived in the Toledo region all our lives remember the tornado that ravaged our area on Palm Sunday, 1965. But after four and a half decades, I have to admit that I’d become a little complacent. Last weekend’s storms were a grim reminder of the sheer violence that can descend upon the community so quickly. That realization hit me as my wife, two daughters, 3 grandchildren, dog and I rushed to the basement in the middle of the night Saturday. But then we realized – where are our flashlights? We forgot a radio! Did anyone bring a cell phone? How about basic first aid supplies?
We in Maumee were among the lucky ones spared of the devastation that unfortunately descended upon surrounding communities. But we vowed to have learned from their tragic experiences, and next time (if it ever comes) we will have a plan in place that is rehearsed, requiring no thinking. Perhaps you remember from your own personal experience Saturday night, there just isn’t time to prepare or to gather supplies. Survival comes first.
Northwest Ohio and southeast Michigan don’t need to worry about hurricanes, tsunamis, landslides, wild fires, volcanoes; even earthquakes are rarely more than a “did you feel that?” rattle. But let’s do our best to prepare for the next great storms. If you are like me and didn’t have a great plan in place, this link might be a good place to start: http://www.fema.gov/areyouready/tornadoes.shtm
The caring spirit that this community has demonstrated since the storms is something to be proud of. Volunteers are coming out of the woodwork, and donations are flowing. If you are looking for a place to drop off relief supplies or donations to the American Red Cross, Danberry’s Oregon office is one of many places in the region you may do so.
You’ve probably heard the analogy comparing real estate markets to weather reports. Real estate markets, like weather reports, are local. What we really want to know is what’s going on in our neighborhood-with Toledo homes for sale-not half way across the country. The media constantly reports what is going on in Florida, California, New York and Las Vegas, but to make good buying and selling decisions here, you want to know about the Toledo real estate market, which brings us back to the title of this article.
We are facing a window of opportunity, but remember, open windows do close. We know that mortgage interest rates right now are at bargain levels – essentially mortgage money is “on sale”. With soaring federal debt and deficits, however, does anyone believe these historically low rates are sustainable? I don’t. Those low rates are also coupled with a high inventory of listings (great choices) and low prices. I’ll bet a year from now buyers will look back at June of 2010 and say “THAT was our window of opportunity. What were we waiting for?”
How can we help you? You can find a Danberry professional by clicking on “Agents & Offices” above. If you have mortgage questions, click on “Financing” to find a Home Mortgage Consultant at First Mortgage Consultants, an affiliate of Wells Fargo Home Mortgage.
