Interest Rates and the Effect on the Market

Although interest rates remain low, we have seen a slight rise in the past weeks. Are you thinking of SELLING? Now is the time! The short term effect of an uptick in interest rates will be an immediate surge of buyers who want to lock-in financing. If you are considering selling your home, take advantage of this opportunity by properly pricing your home to sell in the next 90 days...a Nothnagle agent can help you achieve this goal. Call any Nothnagle agent direct or 899-MOVE to get started.

Looking to Buy? Don't Delay!

First-time buyers account for 40% of all purchasers in the market today, up 5% from historical averages. The $8,000 tax credit is a great incentive to buy now. The current tax credit is set to expire on December 1, 2009. There are several proposal to a) increase the amount; b) extend it to all buyers; c) remove income limits; and d) extend the current program as is through 2010. If you're trying to time the market, don't miss out on the current opportunities out there while you're waiting for the "bottom" or a better tax credit. Especially in the Rochester market, where we don't have extreme highs/lows in the real estate market, you may miss out on one of the best opportunities in recent history. Contact a Nothnagle agent today to learn more about the tax credit and the local housing market.

Read more about the tax credit proposals circulating in Congress at USA Today.

Call the Nothnagle Insurance Agency Today!

Nothnagle agents want only the best for their clients and with Nothnagle Realtors’ inclusion of homeowner, auto and life insurance services, clients will save valuable time and money as well as eliminate stress. The Nothnagle Insurance Agency has an experienced representative on-site ready to work for you. The new insurance program is offered to our clients through Nothnagle Home Services. Home Services assists clients seeking home-related products and services before, during and after the move.

There are many components to a successful real estate transaction and when you choose a Nothnagle agent, you GET MORE services and more convenience. To receive your complimentary quote or review, call 785-5650 today!

Short Sale vs. Foreclosure

What is the difference between a short sale and a foreclosure? A "short sale" is where the owner will be selling the property short of what is owed to the lender. The lender must agree to accept less than what is owed on the mortgage. A short sale typically prevents a foreclosure. A foreclosure is a legal proceeding where the lender takes back the property that was pledge as security for the mortgage. The lender is then the actual owner of the property. The bank will then typically try to re-sell the property to recoup their losses from the loan default. These properties are often referred to as "REO's" (Real Estate Owned) properties.

Many Nothnagle agents have formal training to assist buyers looking to purchase a home through short sale or REO properties. Or, if you are a homeowner looking to sell in order to prevent a foreclosure a Nothnagle agent can assist you through the process.