Miami real estate is on the top list of the most home resale compared to other cities in the United States of America, and with good reason too. This is the perfect time for first-time homebuyers to invest on a residential property in the city and take advantage of great deals going your way.
Take Advantage Of Low Prices
That's right; one of the reasons why Miami real estate is on the popular homebuying list is the low prices of properties in the city. Median prices of homes in Miami are $152,000; ideal for any homebuyer who are on a limited budget. In fact, those who want to really get a great deal out of their investment might want to check foreclosed and bank-owned properties which are even lower than previously-owned homes.
Take Advantage of Tax Credit
First-time homebuyers are eligible for the $8,000 tax credit when they purchase a property in Miami real estate. Law dictates that this offer was supposed to expire last month, it has been extended until spring next year that is a boon for property buyers looking for an ideal home with savings on the side. Also, a tax credit of $6,500 is also offered to repeat homebuyers.
Take Advantage Of Low Mortgage Rates
For those looking forward to buy a home in Miami real estate using a mortgage loan, now is the perfect time to push through with the project. Financial institutions in the city are offering low mortgage rates with their loans, especially to those with good credit scores. Average rates are below 5% so take advantage of this offer while it's still available.
Some Tips In Home Purchase
Now that you know why it is the perfect time to purchase a home in Miami real estate, the next step is to find the right one to buy. If it's your first time in home buying then it would be best if you check out properties first to know what you're up against. Start by doing a simple look-up on the Internet. There are plenty of real estate listings that showcase properties in Miami so this makes it easier for you to find home that fits your specifications and budget.
While you're at it; you might want to look for a realtor to help you out if you don’t have enough experience with the project. A realtor can help you find the perfect home in Miami real estate in record-breaking time, as well as get it under your name with ease.
William W. Teho, Jr.
Miami Real Estate
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