As Published Oct. 17, 2009 in The Daily Breeze HOME GUIDE
First-Time Homebuyers Have $8,000 Tax Credit Incentive To Buy Now!
With U.S. home prices up for the third straight month - suggesting that the housing market is stabilizing after its 3-year plunge - local inventory high, and home values settling throughout the Palos Verdes Peninsula, San Pedro Peninsula & South Bay, there are ways to maximize your purchase dollar even more by working with a Buyers Agent who can help you find the very best buys in this "Buyers Market."
"Whether you're looking for a personal residence or an investment property, this is the best time to buy in years," said Elaine Mallon, a Broker Associate & Certified Negotiator with Coldwell Banker, who serves the Palos Verdes Peninsula, San Pedro Peninsula & South Bay beach cities.
To further help boost consumer confidence & help stabilize the housing market, the Fed is keeping interest rates low and is offering a First-Time Homebuyer Tax Credit of $8,000 for qualifying first-time buyers who purchase a home by November 30th.
"Those moves appear to be working and are promoting buyer confidence," says Elaine. "This slow & steady rebound - in just three months -- has already surpassed market forecasts. Buyers are buying and Sellers are selling."
When you are ready to purchase, the most important step is to find a Buyers Agent you can trust. "A highly-qualified Buyers Agent knows how to spot & negotiate the best deals for their clients," Elaine continues. "They know which areas have temporarily dropped the most in values, which areas are likely to appreciate the most in the future, and where the best values are. More importantly, they know how to make a great deal where one didn't already exist."
While they provide their dedicated expertise as the Buyer's advocate, the Buyer pays no fee for their service. It is the Seller who pays both agent commissions upon completion of the sale.
Why not arm yourself with a Buyers Agent who - at no cost to you - can help save you thousands of dollars in a real estate transaction?
"When you are ready to buy, the first step is to get pre-qualified for your home loan so you know exactly how much house you can afford," says Elaine. "The next step is get yourself a solid Buyer's Agent who can act as your trusted advisor, who can read the market, who is skilled in preparing & negotiating the kind of purchase offer a Seller will accept, and who can help you find a great home for a great deal!"
In this current market, you almost can't go wrong wherever you find the right home for you.
This great time to buy "in the low" won't last forever, nor will these historic-low interest rates and homebuyer tax incentives. While it's a special time to be a homebuyer, it's also a great time to be a first-time homebuyer until November!
Elaine Mallon is a licensed Real Estate Broker, an award-winning Marketing & Public Relations veteran, member of Coldwell Banker's International President's ELITE and a Certified Negotiator. Additionally, she is a board certified Palos Verdes Specialist, a CMAS Relocation Specialist, a CARTUS Marketing Specialist, and a CARTUS Inventory Specialist.
For superior service with all your HOME BUYING OR SELLING NEEDS, contact Elaine directly at (310) 544-8453 or on the web at www.CaliforniaMoves.com/Elaine.Mallon. She looks forward to helping you!