There has never been a better time to buy a home in the state of Michigan. It is really that simple. I did not say house, I said home. If you are looking for living in a home for 3 years plus.
Seriously, there are quality homes available for HALF of what they costs. Interest rates across the board for first time buyers to wealthy individuals are extremely attractive. The tax credit applies to a huge percentage of the population.
Now true there are four buyers for every great home. But a friend of mine just bought a home that was on the market for $650,000 for $350,000. A six thousand sq ft plus seventies build custom home. The home is a fortress, a super high quailty build on nine acres in the heart of a great suburb. The home needs a massive redecoration. But guess what contractors in Michigan a cheaper than they were, Granite is half off....on and on....
He also has lived in his house for over five years and qualifies for a $6500 tax credit, which helps make his payments while he does renovations.
Or how about the client that bought an $85,000 dollar home with $4,250 down ( a gift from a relative) had a $690 payment, including taxes and insurance, and got a $8,000 tax credit. The tax credit covered her first years worth of payments! She basically lived rent free for 12 months.
Get a mortgage pre-approval. Get an agent with streetsmarts and get out there, you need a contract by April 30th.
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