Scott's 10 reasons to buy Real Estate this Presidents day!

This Presidents Day:10 Reasons to buy Real Estate

1) Many homes to choose from.

2) A brand new first time buyer stimulus package $8000 Tax credit that NOW DOESN'T have to be repaid. (should be finalized on Tues Feb17th,2009)

3) Rates ranging from 4.875% - 5.5% ...........with this inventory level are you kidding me ???

4) Warren Buffet says "Be fearful when others are greedy, and be greedy when others are fearful." Everyone is fearful now !!!!

5) Unlike a car, Real Estate will appreciate, we have seen a decline since 2005 but long term Real Estate has always been a good investment.

6) Move up buyers will save, example if your condo is worth 200K and you buy a house for 400K and the market is down 10% , you have a "perceived" loss of 20K on the condo but save 40K on the house. Down market = best time to move up buy.

7) Less Realtors are left the business, therefore you have a very select group of true real estate profesisonals that are truly dedicated to the industry and are truly in it for the long term.

8) There is nothing more benificial to the economy than a housing purchase. An average real estate transaction hires 26 people. This cycles much needed money through our economy.

9) As a buyer, you can negotiate a great deal for yourself that often times will include closing costs and terms that are very "buyer friendly".

10) You can get an FHA loan with as little as 3.5% down with a fico score of 600 or better. (just raised from 580)