Interest rates have not been this low since September 2005 when the interest rate was at 5.19 percent. Even better is the interest rate for a 15 year loan at 5.65 percent, down from 5.73 percent.

December has always been a time for interest rates to creep down but this year is different. With the recent drop in the real estate market, and the changes to home buyer required qualifications, potential home buyers are waiting on the side lines.

If you have been waiting for interest rates to hit a low before purchasing your new home, it is time to start looking. The feds have lowered the interest rates to help consumer spending, regain confidence, and put off a looming recession. 

Lower interest rates could definitely help some home owners sell their house. Many potential home buyers are waiting to purchase their new home, until they see the bottom of the real estate market or until they see interest rates bottom.

There are many home owners are over leveraged and motivated to sell their house. Combine that with low interest rates, and now is a perfect time to buy an investment property or personal home.

If you are looking for the very best deals on real estate in your area, contact your local home buyer. Local home buyers purchase properties fast from motivated home sellers. Motivated home sellers are people who need to sell their house fast because of, divorce, pre foreclosure, moving out of state, over leveraged home, short sale, or to cash out of an investment property.

You can contact your local real estate investor and get a great deal on houses of all sizes, types, and conditions. Local real estate home buyers deal with large pretty houses, small new houses, duplexes, condos, town houses, fixer uppers and the list goes on.

On the other hand if you are looking to sell your home and the low interest rates do not bring you a qualified buyer quick enough. Contact your local home buyer to receive an offer on your home. They are very professional and experts in your local area. You have no obligation to accept the offer, so you have nothing to lose. 

In the 1990s the average Idaho home seller would pay a real estate commission of approximately 6.1 percent, half to the buyers agent and half to the sellers agent. As the real estate market shifted to a sellers dream the average real estate commission decreased to 5.4 percent in 2001.

Summer 2005 brought about the peak of the sellers market in Boise Idaho. Home sellers could post a For Sale By Owner sign in their front yard and expect a full price offer in just a few days. When people can sell their house in just a few days by posting a sign in the front yard real estate agents are viewed as an over paid service. In 2005 the average real estate commission was just over 5 percent. 

Now the real estate market has shifted back to a buyers market. Real estate agents in Idaho are back in the drivers seat and once again raising commissions. In 2006 the estimated real estate commission was 5.18 percent, up 0.16 percent from the previous year. With the real estate market sliding even further to the buyers side, real estate commissions are expected to increase even more over the next couple of years.

There are many people who are in financial strain in Boise Idaho, mostly caused by their home mortgage payment. Either they purchase their home at the top of the market and now owe more for their house than what they purchased it for, or they have some personal situation which makes it hard for them to make their mortgage payment.

If your Boise Idaho home is causing you financial strain and you can not afford to pay large real estate commission, you have options. There are a couple ways to sell your house and not pay a real estate agent. You can sell your house FSBO, which will still cost you a few thousand dollars up front, or you can sell your house to a local home buyer.

Local home buyers existing in every real estate market including Boise idaho. They will give you a free offer on your home and explain your home selling options. Even if you do not have enough equity to pay real estate agent commissions, your local home buyer can help. They can possibly lease option your home or take over your mortgage payments. If you are in a financial strain because of your home and you would like to sell your house fast. Contact your local home buyer and see what they can do for you.

Between 2004 and 2006 adjustable rate mortgages were given to just about anyone who could sign their name on the dotted line and show proof of a heart beat. Now with the real estate market slow, people who can not afford their mortgage are falling into foreclosure. The scary part is there are still thousands of ARMs that are due to adjust in 2008.

The state with the highest foreclosure rate is Nevada with one in every sixty one homes falling into foreclosures. The foreclosure crisis in Nevada is also due in part from over building of homes by home builders and speculator real estate investing. Never the less Las Vegas which is located in Nevada has one of the best work forces in the nation. The state population also continues to grow rapidly which will help the local real estate market in the future.

The other top 5 states with the highest foreclosure rates in the nation are:

California with 1 out of 88 homes going into foreclosure

Florida with 1 out of 95 homes going into foreclosure

Michigan with 1 out of 102 homes going into foreclosure

Ohio with 1 out of 107 homes going into foreclosure

Colorado with 1 out of 109 homes going into foreclosure

Almost all states are experiencing an increase in the number of foreclosure filings. States like Idaho (thank include Boise, Nampa, Eagle, Start and Meridian Cities), that rank 19 in foreclosures have a 138 percent increase in the number of foreclosure filings from the same time one year ago.

Some of you may say, “The foreclosure rate may be increasing for the entire nation, but real estate is a local market”. Well that is true; real estate is a local market. Some areas of the nation may be experiencing a buyers market while others are experiencing a strong buyers market.

If you are interested to see how your state ranks for foreclosures, check out the article by RealtyTrac.

Some of the great benefits of selling your house to a professional property buyer: You are able to sell your house fast on the date or your choice, you do not have to pay large real estate commissions to a realtor, you do not have to repair your house that has problems, and much more. 

I would recommend selling your house to a local real estate investor if you are in any of the following selling situations;

• I am behind on monthly mortgage payments

• I need to sell my home fast

• I am moving out of state or out of my local area

• I have been transferred by my job

• I am going through a  Divorce and need to sell my house

•  My home is 100% financed and I do not have enough equity to list my home with a realtor

• My home is going into foreclosure

• Someone in our family has health problems and can not work, therefore we can not pay our bills

• I am tired of being a Landlord and don’t want to deal with tenants anymore

• My home needs lots of repairs and I don’t have the time or money to fix it up

• My home is in pre-foreclosure

• I want to cash out of my investment property

• My home has been on the market with a realtor for many months and my listing agreement is now expired , I want to sell my house fast, now

• We recently inherited a property and want to sell it

As you can see there are many reasons why you should consider selling your home to a local home buyer, and these are not all of them. Simply put, listing your home with a realtor or trying to sell your home FSBO cost you money and time, it also does not get you offers within just a few hours/days. If you don’t have time, don’t have money, or simply don’t want to deal with the hassles of selling your home…sell it to a real estate investor. You may be happily surprised by the offer you get.

For a free, confidential, no-obligation offer for your home visit www.ExpertHomeOffers.com