Why Buy a Home NOW?

Now is the BEST time to buy a home!

Let me share with you some PRO's on why it is a good idea to buy a home now:

1. Interest Rates are LOW
2. Sellers are negotiable on the price of property
3. Buyers are getting more incentives
4. There are more CHOICES than ever
5. More tax incentives: higher homestead
6. Portability
7. Home investment is still a good investment.
8. Tax deduction

Interest rates are LOW

People who have good credit and qualify can get very low interest rates for buying a home. There may not be many products out there with ZERO money down, but interest rates are very low compared to yesteryears. There are also government backed financing packages like FHA and VA loans available to qualified buyers.

Sellers are negotiable on the price of property

We have all heard the Real Estate Market is cyclical.  The state the market is in now of low interst rates and prices low will not last forever. It seems like by the time sellers realize they have to do anything to sell...buyers are just realizing the opportunities that are out there. Sellers that have to sell are selling and taking offers. BUYERS NEED TO REALIZE it's time to buy NOW. And mark my words...it will not last forever. BUYERS will be bemoaning the days (TODAY) when they could have taken advantage of an opportunity. Don't let it pass you by.

Buyers are getting incentives

Sellers are accepting offers, most are negotioble on the price. There are also homes that are being sold as short sales and homes in foreclosure. ALSO, sellers are giving incentives to buyers who need help in buying.

There are more CHOICES than ever!

In Central Florida, Orange, Seminole and Osceola counties there are 27,083 RESIDENTIAL properties on the market. ALL these homes and properties are competing for YOUR ATTENTION! It's like a kid in a candy store. So much to choose from.

More tax incentives: Higher Homestead

Florida voters approved Ammendment One. The Homestead Exemption was increased from $25,000 to $50,000 for your homestead. It is retroactive, so if you buy a house in 2008 the new exemption will apply to you.

Portability was also approved when Florida voters approved Ammendment One. Portability of accumulated Save our Homes savings for home owners who move from one homestead to another following certain guidelines. For more information on these two new tax incentives visit your county appraiser's website.

Tax Deduction

Interest paid on your home is tax deductible from your yearly taxes.