Here are just a few facts that will explain to you why RIGHT NOW is the best time to buy a home, especially if you are considering a home in the Tampa Bay area. We located this basic fatual information from NAR the National Associaton or Realtors. You'll notice that these are MANY of the exact same things I have been blogging about for a long time now . . .
- It's a Buyer's Market. Price declines over the past year have made this the best time to buy.
- The inventory of homes for sale gives buyers incredible selection. The number of homes for sale is greater than it has been in 15 years.*
- Real estate continues to be a great financial investment. The average return on a five percent down payment over 10 years is usually three to five times greater than stock market returns.*
- The current favorable market conditions won't last long. Research shows that prices are beginning to stabilize and price declines are over.*
- Mortgage rates are near all-time lows. Capturing these low rates now means your monthly payments are lower and much more affordable.*
- Recent voter approval of Amendment 1 allows Florida homeowners to transfer their "Save Our Homes" tax benefit from their old home to a newly purchased home. Upsizing or downsizing, this is the best time to buy.
*Information courtesy of the National Association of REALTORS®.
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