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IEMA, ALAIL Release Video to Help Real Estate Agents Inform Home Buyers about Radon...
Real estate professionals and home sellers in Illinois have a new tool to help them meet state legal requirements regarding radon in homes. A three-minute video developed by the Illinois Emergency Management Agency (IEMA) and the American Lung Association in Illinois (ALAIL) is now available to ensure home buyers receive information about radon as required by the Illinois Radon Awareness Act.
Foreclosure Activity Offers Opportunity For Home Buyers In Illinois
BETHEL, CT - April 26, 2010 - (RealEstateRama) -- Countdown To Buy, a next generation online real estate marketplace that offers fair and effective solutions to buy and sell properties, has opened the door for home buyers in Illinois to easily purchase an affordable and recently foreclosed home right in their local community. Declining prices, record inventories and the current favorable interest rate environment, has made homes more affordable. However, many potential home buyers in Illinois remain on the sidelines because of the lack of trust, transparency, and the increased risk and anxiety surrounding purchasing an “as-is” property in foreclosure.
First-time buyers dominate Illinois housing market
More than half of home buyers in the 2009 Profile of Illinois Home Buyers and Sellers were first-time buyers, due in large part to the first-time homebuyer tax credit stimulus and increased affordability in home prices in the last year. The survey results released by the Illinois Association of REALTORS® (IAR) found 51% of buyers were first-time buyers, compared to 47% nationwide (a figure which has averaged closer to 40% nationwide since 2001). When asked about the primary reason for timing of the home purchase, 46% of first-time buyers said it was just the right time.