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November 3rd, 2008 3:59 PM

TOP 5 REASONS FIRST TIME HOMEBUYERS SHOULD BE BUYING NOW:

1.  Tax Savings-Your mortgage interest and real estate taxes are tax deductible and creates tax saving opportunities for you.

2.  $7500 Tax Credit-Take advantage of $7500 off your taxes this year or next as long as you settle by April.  Use this tax savings to fix the house up or keep as savings.  There are some restrictions.  See me for details.

3.  You Don't Have to Sell a House-Many buyers in the market are stuck with their current house and may be having a hard time selling it.  As a first time home buyer, you do not and thus you are more appealing to a Seller.

4.  Slower Time of Year-Every November thru January is typically a slower time in the marketplace.  If you are active during this time, you will probably have less competition from other buyers which makes you a commodity and usually leads to a good deal.

5.  Pricing-Real estate in this area hasn't drastically gone down, however, it is more affordable than it has been in many years.  Take advantage.  The market will come back strong so you should get in at this current low point.


Posted by John Kriza on November 3rd, 2008 3:59 PMPost a Comment (0)

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