Chitownproperty

Tips for bargain-minded homebuyers in the new year

Since there are still many sellers eager to move their homes and mortgage rates are down, getting ahead of the traditional spring market may be an even better opportunity for buyers this year. The Tribune notes that would-be buyers should be ready to make an offer to the more motivated sellers who are still saturating the market:

Two factors are now working in favor of prospective homebuyers. First, sellers still greatly outnumber willing buyers in many neighborhoods and highly motivated sellers abound. Second, mortgage rates remain relatively low.