Between price reductions and record low interest rates, many homeowners are asking themselves if now a good time to buy is.
I say yes it is! With the lower interest rates you can afford more homes for the buck. That extra bedroom, larger kitchen, pool or three car garages is within your budget due to the lower interest rates.
Investments is also a great time to purchase. More and more homebuyers are investing their cash money into real estate.
If you have a child in college and you are paying for the housing cost, wouldn't it be cheaper to purchase a place and take on roommates to help you pay that payment? Many college towns have inventory that is sitting and waiting for the next owner.
I would rather have the tax deductions than to throw away money. If you are paying 1,000 per month for 12 months, that is 12,000 for that dorm or apartment. If you purchased a place, you can use it as an investment when your child graduates. Not to mention the tax advantages you might be able to receive.
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