The Lane County real estate market is diverse with both buyers and sellers alike
seeking a variety of different properties. As a prospective seller, you
can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Lane County area click here for full MLS access.
Always feel free to reach out to us for any questions regarding the
current market conditions, or the value of your property at 541-767-7653
What are conditions looking like in the early days of 2015 here in Lane County? Today, we'll discuss just that.
There are a lot of affordable options out there if you've been thinking about entering the market. Interest rates are likely to remain low for the duration of 2015, and Fannie and Freddie have recently announced a 3% down conventional loan product, which will make it easier for people with limited cash on hand to purchase a home. Additionally, the mortgage insurance for this new product will be lower than on an FHA loan.
A lender friend of mine recently shared the news that the USDA loan review period has been shortened. Instead of having to wait the original 35 business days, you now only have to wait 5-7 business days. This means, as a consumer, that instead of entering the escrow period of roughly 90 days, the timeline from contract to close will only last 30 days. This is a welcome change for home sellers who don't want to wait 90 days to sell their house!
Thanks, so much for joining us today! If you have any questions about the topics covered today, or would like real estate assistance of any kind, don't hesitate to give us a call or shoot us a quick email. We would love to hear from you!
