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Birmingham One of Most Affordable Metro Areas

By
Real Estate Agent with RealtyStyles, LLC 000000000

In an article entitled" Best Bang-For-The-Buck Cities" in Forbes Magazine December issue,

Birmingham was ranked No. 28 out of 100 most affordable metro areas to live with relatively stable

employment, a low cost of living, low taxes, and minimal commute times.

To read the entire article go to http://www.forbes.com/2009/11/30/cities-affordable-cheap-lifestyle-real-estate-housing-foreclosures_chart.html?partner=relatedstoriesboxonally

With of up to $8,000 for qualified first-time home buyers purchasing a principal residence, and up to

$6500 for move-up or repeat home buyers, 2010 should be a great year to purchase a home in

Birmingham.

The sales agreement must be signed prior to April 30, 2010 and the home purchased no later than

June 20, 2010.  Move-up or repeat buyers must have resided in the same home for five consecutive

years of the last eight year period.   And first-time buyers must not have owned a home in the previous

three years.


If you have more specific questions, I strongly encourage you to consult a qualified tax advisor or legal

professional about your unique situation.

 

 

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