Okay...It's late night and as usual, I'm thinking about real estate...What's wrong with me? You don't have to answer this...Thankfully, I know I'm not alone in this ever consuming passion for the business.
So what are my thoughts about the current state of the market? It's time to buy...better than last year, possibly better than any year ever. Why? If you are a buyer that falls within the guidelines of the $8,000 dollar tax give away in 2009, you have so much to gain and so little to lose!
I don't know all the details for certain about this tax give away, but it looks something like this: You are a first time buyer or a buyer that has not purchased in a number of years, maybe 3?, and you meet the income guidelines, $75K/year for an individual and $150K/year for a couple, you buy a house in 2009 and live in it for at least 3 years, and you get $8000 back with your tax return in 2010, FREE!
Sounds pretty good, right? So, let's get going already. Get your ducks in a row and sit down with someone like myself, a REALTOR, ABR (Accredited Buyer Representative) and find out how you can make the American Dream a reality this year! BONUS! $8,000! Not bad, eh?
Who would have known? And I thought the $7,500 tax incentive, interest free loan over 15 years was great.
Point is, it is a down market, and what goes down, will inevitably go up.
With so many deals out there right now due to pricing declines it is very likely you could become a homeowner and stay within 20% of what you currently pay for rent. By the way...this is the way it used to be before people started buying homes at such inflated prices. Oh yeah, and unlike a traditional purchase, you only need 3.5% down, not 20% down.
It is a common misconception that financing is not available. Fact, many folks are getting loans to purchase homes every day.
So, if you are a renter right now, pick up the phone, email, call your REALTOR, and if you don't have one, call me and I'll help you personally or connect you with a top professional in your neck of the woods.
Don't let this unprecented, incredible opportunity pass you by! Explore your options, you have nothing to lose, but potentially, so much to gain!
May the luck o'the Irish be with you this St. Patty's Day...And may this message be heard by all those would be homeowners currently renting!
Cheers!
