Feb
15
Top 4 Reasons It’s A Great Time To Buy In Kokomo
By
It’s a Great Time to Buy in Kokomo
There is no better place to buy real estate right now than Kokomo, Indiana and the surrounding areas. For many years Kokomo has been one of the most affordable housing markets in the country. Kokomo continues to rank up there in #1 position for similar size cities throughout the country.
Why is it such a great time to buy real estate in Kokomo?
- Selection, Selection, Selection!
There are over 800 house on the market right now in Howard County! Regardless of your price range, there are plenty of houses from which to choose:
Less than $50,000 . . . . . . 159
$50,000-$80,000 . . . . . . 221
$80,000-$120,000 . . . . . 174
$120,000-$180,000 . . . . 163
$180,000-$220,000 . . . . 47
$220,000-$300,000 . . . . 49
Over $300,000 . . . . . . . . . 28 - Low Interest Rates!
Not only are prices down in Kokomo; but interest rates are at the lowest they’ve been in years. That means you can buy more house for the money than you could just a year ago! In spite of what you hear in the media, buyers with good credit can still qualify for 100% financing, FHA loans, first time homeowner programs, etc. - Eager Sellers!
Not long ago, sellers called all the shots – price, date of possession, repairs they would make, etc. Now, motivated sellers are more apt to negotiate these and other issues. (Note: Don’t expect to waltz into a $120,000 home in perfect condition and pick it up for $80,000! Even in a buyer’s market, you have to be realistic.) - Fewer Bidding Wars!
Because of the number of homes for sale, we don’t see many bidding wars now-a-days. But we do see them in well priced owner-occupied homes as well as foreclosure homes. (See #3 above – Be realistic!)
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