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Why It's A Great Time To Buy!
It's a great time to buy in the Washington DC area!!! And below are the reasons why:
Washington, DC area homes continue to appreciate 4-6% per year, building future equity. This is not the case in other parts of the country; great time to invest! Foreclosures and bank-owned properties provide buyers with a very unique opportunity to buy a home well below market value; great time to have instant equity! Because of the changed market, there are fewer competitive multiple contract situations; better chance of making a realistic offer! Interest rates remain low unlike back in the 1980s; it's a great time to buy! The Housing and Economic Recovery Act of 2008 provides a tax credit for first-time homebuyers; giving you a tax credit! First-time homebuyers can borrow funds from their 401K/retirement accounts towards the purchase of a home; borrow with no penalty! As a homeowner, you will bring more $$$ in your paycheck because you can change your withholdings now that you can write off the interest on your mortgage; affording you greater buying power! Home buyers can also take advantage of the Homestead Tax Credit as another home buying assistance tool; lowering property taxes! There are numerous first-time ... more
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