1. Home Owners are reported to have, on average, 35 TIMES the net worth of renters…. Wow. It won’t happen overnight but in the long run, that’s the average!
2. $8,000.00 Homebuyer Tax Credit… yes, the US is giving away free money! NOW to Dec. 1, 2009… available to first-time qualified buyers for the purchase of a principal residence. The credit does NOT require repayment. It’s claimed on a tax return to reduce your income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser. Not to mention the tax advantages you get on your mortgage interest deduction too! What a WIN-WIN for you!
3. Buying now can mean real negotiating power to request improvements, price reductions, help with closing costs, and more. YOU are more in control than ever before!
4. Affordability is high! The National Association of Realtors' concluded that homes in December of 2008 were more affordable than any other point since 1970 (start of index).
5. Interest rates on Mortgages are at historic lows. Major difference in what you can afford AND the monthly payment you’ll have!
6. Lots of Inventory to Choose From. Market time to sell a home has increased creating a large inventory to select from… everything including new, existing, and foreclosures.
7. Quality of life. Buying a home can create a higher quality of life, giving you pride of home ownership, and something to enjoy improving and developing over the years. It’s security from a rental market where your owner could move you at any time… or their bank could if they aren’t making the payments.
For more information, visit our website or Email Jon
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