3 Reasons to stop paying Rent and become a Home Owner today!

Calling All Apartment Dwellers

Very rarely do all factors converge to make an ideal situation for buying a home. But, it has happened this month. The top three factors that make it the best time to buy your first home are:

1. The Federal Government is offering YOU $8000 to Buy a Home in 2009.

No kidding! First Time home buyers (of those of you who have not owned a home in 3 or more years) qualify. It is a $8000 or 10% of the value of the home in the form of a Tax Credit. This is NOT a tax deduction. A Tax Credit is claimed on your tax return and reduces your tax liability. If you have more credit than you owe in taxes, you will receive a Refund Check. How cool is that? Just stay in the house for three years and you never have to pay back a dime.

2. Interest Rates are at an amazing 4.875% for a 30 year fixed rate loan. Rates haven’t been this low in years. This means your monthly payment will be less than you would think. Good Deal!

3. Arizona Home Prices are incredibly low right now. Between the rash of foreclosures and short sales along with bank owned properties, the chances of you finding a house at a bargain price on a wonderful home are great. If you are willing to look in outlying areas, the number of properties to chose from quadruples.

First time home buyers have never had so many reasons to buy. If you’ve been thinking about buying but have been waiting to see what the market would do, it’s time to act. Any of these three factors may change this year, but the change may not be in favor of the new homebuyer.