Stafford & King George homes right now are a terrific alternative to renting and are sometimes cheaper. The opportunity to purchase a low priced home at low interest rates and have the government give you $8000 is here.
With the wave of foreclosures many of the homes are 50% off peak which means they are cheap. Most foreclosures are in decent shape and only need a good scrubbing. The interest rates have been at all-time historical lows. On top of that the government is giving first time home buyers $8000 of income tax they do not have to pay back if they stay in the home at least three years.
Timing the market is a tricky thing however there are some things we can be sure of. The forclosures will taper off and those are most of the best deals right now. The interest rate is more than likely to go up in the future. Once the backlog of un-sold homes gets cleared up the $8000 tax credit will most likely go away.
It's safe for Humpty Dumpty to jump off that wall. Jump!
Susan Walsh / Realtor - EXIT Realty Expertise - King George, VA 22485 (540) 809-1366