I saw this on REALTOR.com and thought it was worth passing on. I have added my two cents. If there is something I am forgetting comment accordingly.
4 Reasons to Sell Now Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.
Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape. A home that is higher in value has a higher percentage of apprication than a lower one.
Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for lower-income and first-time home buyers. Programs vary all over the country, but one good way to find them is to search online for “down-payment assistance programs” and the name of your region. Many NEIGHBOR STABILIZATION PROGRAMS ARE AVAILABLE THROUGH CITIES AND THE STATE.
Your uncle has money to share. Besides the $8,000 first-time home buyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash. KEEP THE MONEY IN THE BANK A DRAW INTEREST OF IT OR USE IT TO FIX UP YOUR HOME!
Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business. THE REMAINING PROFESSIONALS HAVE WEATHERED THE STORM AND SURVIVED.
Source: McClatchy Tribune, Kate Forgach (02/07/2010)
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