Renters- The time is now!

Renters- The time is now!

In the history of real estate, the time has never been better for renters to become home owners than it is right now. Why? These reasons quickly come to mind:

1. Interest rates are some of the lowest in history. Buyers with good credit can still enjoy rates at less than 6%. When I bought my first home in 1989, I bought my rate down to 12 3/8%!

2. Loans are easily attainable. YES, you heard me correctly and I said that loans are easily attainable. Despite what you have been seeing on the news, there are loans that are available for buyers who have jobs and good credit. FHA loans are available with as little as a 3 1/2% down payment! If you were in the US military you may qualify for a VA loan that allows you to purchase a new home with no money down.

3. Home prices are at "Clearance" prices. The inventory of homes on the market outweighs the number of buyers and the prices are coming down. Bank owned properties (REO's) and short sale homes are forcing sellers to compete by lowering their prices. First time home buyers are able to buy much more home for the dollar than just 3 years ago.

4. The Feds are offering a $8000 First Time Home Buyers Tax Credit. Think of it like an $8000 discount (or rebate) on top of the deal that you negotiate on your home purchase. You can find more information regarding the tax credit here.

TIME IS RUNNING OUT - You need to act quickly if you plan on taking advantage of this buying opportunity.

Experts say that rates are creeping back up and we may see a significant increase before the end of the year.

Inventories are starting to dry up and the home that works the best for you and your family may be gone!

The $8000 First Time Home Buyers Tax Credit is a limited time deal. All good things must come to an end and the Time Home Buyers Tax Credit expires on December 1, 2009. To qualify a buyer must close on their new home on or before December 1, 2009. That means that you have about 3 weeks to find a home and get it under contract.

Time is running out. Call us today and let's get started.

When you choose us to handle your Vancouver Washington real estate needs, you choose a team of realtors® who care about you and your family. Buying or selling a home is always more enjoyable when you work with professionals who will listen to your needs and who will work together with you to achieve your objective. We are very familiar with all types a real estate in Clark County and we specialize in Vancouver, Ridgefield and Battle Ground. We are also very experienced with new home and custom home construction having assisted several local builders in selling new neighborhoods in the Vancouver Washington area. Additionally, we have helped numerous families build their own Vancouver Washington dream homes. We are dedicated to helping you make intelligent, informed decisions and to providing you with exceptional service. Go to www.ernw.org for more information. See our video here.