Sally Morris Greenwood Realty
The Time To Act Is Now
Why in the world would today be the time to buy your first home or your next home when all indicators point to a down market and problems in the real estate markets nationwide? I am going to tell you why this is the best time in many years to buy real estate.
1. Interest rates are at an all time low. You will be able to get more house for your money now. Maybe a few years ago you decided to stay in your present home or decided to continue to rent because you were not able to buy the home you really wanted because the price was too high and the homes you could afford you didn't feel warranted giving up what you have to buy them. In this buyers market not only are sellers more negoitable due to the large inventory of homes on the market for qualified buyers to choose from some are slashing prices where there has been a loss of income or other unforseen hardship has forced some sellers to enter into a short sale or if there is no mortgage to satisfy, may take well below market value to facilitate a fast sale.Bank owned homes in many neighborhoods that would have been out of reach before are now in reach if you are willing to go through the paces to buy a forclosure and willing to do some work or be able to pay to have it done.The repairs can be anything from maintenance neglect to vandalism. In the end if you find the right home in the right lcation you can have the home you've always wanted at a very attractive price.
2. Interest rates are going to rise and the common thought among experts is that it will be soon. When they do begin to rise it will be long time before we will see the rates we are seeing now, if we ever see them again. The opportunities for some of you to get into the market as stated above will be gone. The time to act is now.
3. The tax rebate incentive is set to expire in April 2010. Chances are better than good that they won't be extended again. The time to act on it is now.
If you are a first time buyer you can recieve up to $8000 or 10% of the homes purcase price with a maximum purchase price of $800,000 and you must live in the home as your primary residence for at least 3 years or you will be subject to having the credit reclaimed. Except in the case of Military,Foreign Service or Intellegence Service these rules won't apply and they won't be subject to the penalites if they sell before the three years.
Repeat buyers can be eligible for up to $6500 if they have lived in the present residence for at least 5 out of the last 8 years and the credit applies to homes up to $800,000. These tax credits apply to homes purchased after 1/1/09 and before 4/30/2010 Income restrictions apply You can read all about the tax credits at www.FederalHousingTax Credit.com
4. Your future starts today and there's no better time to sart investing in your future than today. No matter what happens, the Right real estate purchase, is always a good investment. Why? Because you are either going to be homeowner, a home renter, a landlord, or homeless. You are going to have to live somewhere. You will be paying someone's mortgage it might as well be your own. The time to act is now.
I would be excited to talk with you and start you on the road to buying your first home or your next home. The sooner we get started the sooner it will be a reality.
Sally Morris
Sally Morris
Greenwood Realty
Greenwod SC
Office- 864-538-0044
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