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Why It's The Best Time To Buy Oahu Real Estate

If you've been on the fence thinking about buying Oahu real estate, but not sure if the time was right, I'm here to tell you...yes, now is the time. In fact, this is the best time to buy Oahu real estate!

As an Oahu home buyer, there are 4 significant reasons to buy now:

  1. Great bargain home prices.
  2. Greater seller flexibility
  3. Interest rates are near an all-time low.
  4. Uncle Sam want you to buy and will grant a tax credit of up to $8,000 for qualified first-time home buyers.

Great bargain home prices

Home prices are a fabulous deal today. Have you been dreaming of a buying a home in beautiful Kailua? Yes, you can. In fact, there are a handful of homes in Kailua that are under $500,000. Have you been wanting to buy that gorgeous newer home in Mililani, with upgraded windows and spacious floorplan? Yes, you can! There are a number of newly built homes in Mililani that are priced to sell! In every neighborhood here in Oahu, Hawaii, there are many good homes that are priced at outstanding values. In a few years, you'll wish that you had taken advantage of today's Oahu home prices.

Greater seller flexibility

Oahu home sellers are very flexible. They realize that they are competing against a number of other homes in order to sell. Some have started off at a higher overpriced range and are now flexible and ready to deal. This is where it counts to having a great Oahu realtor to represent your needs and negotiate skillfully on your behalf. I've represented Oahu home buyers who have had the seller pay between $5,000 to $23,000 towards the buyers closing costs. My philosophy is that it never hurts to ask and at a minimum it is at least a starting point for negotiations.

Interest rates are near an all-time low

I'm sure you've heard it all over the media - interest rates are at near a historic low. Once the economy stabilizes and things start turning around, the interest rates will slowly creep back up. The interest rate of your loan is a very big deal!! If you are pre-approved for a loan up to $750,000 and you don't take advantage of today's low interest rates and it starts to go back up, your buying power could easily be reduced down to $700,000 or $650,000 - and you'd still have the same monthly mortgage payment.

Uncle Sam want you to buy and will grant a tax credit of up to $8,000 for qualified first-time home buyers

I'm sure you've heard of the recently approved "American Recovery and Reinvestment Act of 2009″ that President Obama put forth and was recently approved by House and amended by the Senate.

In a nutshell - Uncle Sam will grant you up to $8,000 credit for buying a home between January and December of 2009. Visit the Federal Housing Tax Credit site to see if you qualify for this tax credit. Also, I highly recommend that you speak to a qualified CPA if you have any questions.

So there you have it! Four significant reasons why it is a good time to buy Oahu real estate. Contact a loan officer and get pre-approved for a mortgage loan then start searching for your new Oahu home today!

Until next time...All the best!
June Mellor
Your Source for Oahu Real Estate
www.realestateofoahu.com
www.oahurealestatetalk.com

Whether buying or selling a home in gorgeous Oahu, Hawaii or relocating to Oahu, Hawaii, pcsing to Oahu, Hawaii, count on me! You will gain from the provide professional real estate services I provide to buyers, sellers, and military transferees interested in Oahu Real Estate, Kailua Real Estate, Honolulu Real Estate, Kaneohe Real Estate, Kapolei Real Estate, Hawaii Kai Real Estate, Aiea Real Estate, and more.

Copyright © 2009 By June Mellor, All Rights Reserved. *Why It's The Best Time To Buy Oahu Real Estate*

Posted Sunday Mar 01