Tax credit or no tax credit, buying your first home is a great investment!

A huge fuss is being made that time is running out to buy a home. Not true. Time is running out to take advantage of the first time home buyers tax credit. That is not the end of the world. The tax credit has only been available for two years. It was a good idea to buy a home before that and it will still be a good idea after. Right now seller's have the upper hand because there is an extreme shortage of home for sale under $200,000 in the Tri-City market. Once the tax credit expires the advantage will begin to shift back. The perceived feeding frenzy will diminish and buyer's will be able to negotiate lower prices.
Interest rates are low and zero and no down payment options are still available. It is always a great time to buy the right home!