Advantages of Buying Real Estate Now
1. More Choices. Buyers have more choices today than they have in several years. You have your choice between condos, townhomes, single family homes, gated communities, Bank Owned, REO, foreclosure properties. You can also choose between large lots and small lots. The choice is yours today more than ever to find a home that fits your needs and fulfills your dreams. But do remember, that well priced homes in desirable locations can still sell fast, even in a buyer's market.
2. Interest Rates are Low. With interest rates at historic lows, what better time to buy real estate! Money is extremely cheap to borrow making it your opportunity. You can even afford more home now than you might have 12 months ago!
3. Prices. …are low, low, low! Buyers are in a great position today with prices so low and interest rates favorable. Buyers can enjoy stronger buying power than they have in years before. Today's market is truly positioned for the home-buyer…meaning the best deals for your money!
4. Negotiate. We all remember the days of 2005 when you had to decide how much over asking price to offer the seller. Sellers are more reasonable, flexible and motivated then the have been in the last 6-8 years.
5. Tax Credit. The Government has instituted for homebuyers making buyers eligible to receive anywhere from a $8,000 to $18,000 Tax credit! Unlike previous tax credit, this is a gift (free money)…not a loan.
6. 1st Time Homebuyers: Tax Write off!
7. Appreciation. Local house values are expected to rise as our local economists have a favorable forecast for the area. Always remember, that real estate is a strong, sound investment for your future.
8. Great time to sell and move up. If you are a seller wanting to move up to larger home for your growing family, now could be the perfect time for you. You'll be way ahead of the game, because the price reduction on the purchase is greater than the loss on the sale of your present home.
9. Lenders are Lending. Lenders are lending to qualified buyers and whether you are buying this week, this month or in the next 6 months…you should be prepared with a Pre-Approval letter. You never know when your home will be in front of you!
10. This Opportunity that has not presented itself in almost 60 years! The news reported that the real estate market has not been in this position since the 1950’s!
- Still wondering if you should buy now or wait a little longer?
- What if the prices still go down?
- What if the interest rates go down a little lower?
Even with the above 10 “GREAT” reasons to buy now, buyers still want to know…when will “prices hit bottom” or when is it the “perfect-time” to buy?
The truth is…we will all know the “perfect-time”, when that moment has past... and prices begin to rise.
Then we will all be saying, “if only…”