If you have been considering buying a home in Lexington, MA- now is the time! You may be wondering what the Lexington Real Estate market is like right now and you aren’t really sure about the market in general. You’ve heard the stories of the rise of foreclosures and short sales and are leery of buying a home and then simply becoming a statistic of today’s market. But I can assure you, there’s good news! Buying a home in Lexington right now comes with a lot of perks! There are five great reasons to start looking for your Lexington home today!1. Move-in Ready Homes- According to recent studies by the Harvard Joint Center on Housing, there have been many home owners who have held off on selling their home. They’ve been waiting for the market to pick back up, and while waiting have either put money into remodeling or have kept their home in good repair. They wanted to make sure that their home was in ideal condition before listing since it is a buyer’s market with many other homes from which buyers can choose. That’s great news for those who are buying as most homes are in move-in ready condition!
2. Low Mortgage Rates- Buyers are able to begin building equity right after they close on a home because of today’s lower mortgage rates. Because of this, while the housing market continues to get back on its feet, there seems to be a little “give” to the minor bumps along the way.
3. Appraisal Regulations Reflect the Market- Appraisers are given more flexibility due to Fannie Mae’s recent changes to the appraisal guidelines. This means that the appraiser can give more realistic values that reflect the current market, which in turn, helps to ensure deals go through.
4. Program Options- There are many “workforce housing” programs that are enabling middle-class families to buy. These programs, combined with the great home prices of today and the low mortgage rates, are a huge incentive to buy.
5. Great Lexington Homes on the Market- Homeowners are seeing this as their opportunity to list, which means that new Lexington homes are going on the market all the time!
If you’re interested in seeing some of the Lexington homes that are available, please let me know! It truly is a great time to buy and I would love to help you each step of the way! Lexington Real Estate offers many options for style, size and price range so there is sure to be a home to fit your needs. Contact me today with any questions you may have or to set up an appointment to see the homes on the Lexington market.
Theresa D’Antuono
Lexington MA Real Estate Agent
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