With interest rates at historic lows, it is a good time to buy a home.
Educating potential homebuyers about their rights and possibilities is a function of the Fort Dodge Board of Realtors, said Troy Anderson, co-owner of RE/MAX of Fort Dodge.
In August, Anderson was named president-elect of the board.
Rick Peters, a Realtor with Coldwell Banker Associated Realtors, will serve as president for the next year.
"We have a good, strong organization here," said Peters, who has been a Realtor in the area since 2004.
According to Peters, the Fort Dodge Board of Realtors works to keep the community informed about real estate issues of local importance.
Fort Dodge Board of Realtors
President: Rick Peters
President-elect: Troy Anderson
Directors: Kati Lemberg, Chris Parker, Molly Johnson, Dwight Guthrie, Cindy Mulroney, Gery Cook, Mike Mulroney
For example, said Peters, in 2009, board members successfully persuaded the Webster County Board of Supervisors to reconsider a proposal to increase minimum lot size from two to 10 acres for agriculturally zoned land to be sold for residential development.
That provision was scrapped in the final version of the county's new zoning ordinance, removing a restriction that would hinder real estate development, Peters said.
Said development has lagged in the face of global economic uncertainty, according to Anderson.
Sales of existing homes in the Fort Dodge market are also down, according to Anderson, who said that the number of local real estate transactions was down 10 percent in 2010 compared to 2009.
The Fort Dodge Board of Realtors, which works in conjunction with the Iowa Association of Realtors, is advocating for measures designed to assist homeowners, said Anderson.
This includes continued tax deductibility of mortgage interest. Eliminating or reducing such deductions has been proposed as a means to cut the federal deficit.
But this would have a profoundly negative impact for homebuyers, Anderson said.
"We're looking for long-term solutions," he said.
Contact Jesse Helling at (515) 573-2141 or firstname.lastname@example.org