Clients often ask me if we are at the bottom and if not, should they wait a little longer. My response may not be intuitive until you do some numbers crunching, then it becomes very clear.If you're still sitting on the sidelines waiting for housing prices to hit bottom, you should consider that what might be gained from a further drop in housing prices could easily be lost by a rise in interest rates. Rates continue to be volatile and this opportunity might not last long.
And with first-time homebuyers eligible for an $8,000 tax credit , which does not have to be repaid unless you sell your home within three years and repeat move-up homebuyers eligible for a $6500 tax credit, now is the time. Remember, interest rates and tax credits have a shelf life and who can predict when things will change. Take advantage now! As a Residential Specialist, I can help you find the right house and financing. It has to be a good fit and you have to be comfortable with it.
Comments(2)