In a buyers market many buyers will some day soon be asking " why didn't we buy when"
This IS the best market we have ever seen for buying real estate. Let's look at what incentives buyers have right now that were never ever offered in the past.
- First Time Home Buyers Can Receive Up To $8,000.00 As A Tax Rebate From The Federal Govt.
- First Time Home Buyers Can Take Advantage Of Rates That Are At Or Near All Time Lows - This not only gives you a lower monthly payment but may help you to afford more home.
- House Prices Are Down At Or Near The Bottom Of The Market In Over 3 Years! (beware in some markets prices are starting to creep up)
Right now home buyers have the best combined value ever seen in the real estate market.
Even those who are current home owners can take advantage of unprecedented Federal Tax Credits!
If you are an existing homeowner who has lived in your primary residence for 5 of the last 8 years you can now qualify for a $6,500 tax credit on an additional home purchase when they sell their existing primary home.
Simple Put......There just couldn't be a better time to buy!
We all know the days of realty is coming but when? It can't be much longer until we see rates back around 6%-7% on a 30 year fixed mortgage, we are already starting to see house prices stabilize and in some case start to move upward.
Over the past 7-8 years people have come to think that 5%-5.75% is a normal interest rate. The fact of the matter is 7%-8% is the typical interest rate for 30 year fixed mortgage. People keep thinking rates will just keep dropping tehn when rates hit 6% or above everyone thinks that is just too high.
Sooner or later the days of 5%-5.875% will be gone! Banks can not afford to keep mortgage rates this low as they will eventually run out of cash to fund these loans.
Time is running out on the 2nd round of the Home Buyers Tax Credits
The Home Buyers Tax Credit and the first time home buyer tax credit program, the borrower must enter in to a binding contract for purchase of a primary residence on or before 4/30/2010 and close by June 30 2010
If you can clearly afford to buy a home, now is the best time to get serious and buy a home. Real estate has been the single best investment in history. Yes we have up and down markets, some buy at peek prices and some buy at the bottom but over time history has shown that regardless of when you buy, holding on to and taking care of your real estate will bring you the best return for your investment!
Apply Now For A Mortgage Pre-Approval www.LeoLends.com or Contact Me Directly 1-866-334-5626 Toll Free
Don't be the one saying "we should have bought when"
Leo Namiot, Connecticut Mortgage Specialist
CT FHA Mortgages
CT VA Mortgages
CT USDA Mortgages
CT CHFA Mortgages
Connecticut First Time Home Buyer Specialist
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