Why It's A Great Time To Buy!

By
Real Estate Agent with Weichert Realtors MD583075 DCSP98366493

It's a great time to buy in the Washington DC area!!!  And below are the reasons why:

 

  • Washington, DC area homes continue to appreciate 4-6% per year, building future equity.  This is not the case in other parts of the country; great time to invest! 
  • Foreclosures and bank-owned properties provide buyers with a very unique opportunity to buy a home well below market value; great time to have instant equity!
  • Because of the changed market, there are fewer competitive multiple contract situations; better chance of making a realistic offer!
  • Interest rates remain low unlike back in the 1980s; it's a great time to buy!
  • The Housing and Economic Recovery Act of 2008 provides a tax credit for first-time homebuyers; giving you a tax credit!
  • First-time homebuyers can borrow funds from their 401K/retirement accounts towards the purchase of a home; borrow with no penalty!
  • As a homeowner, you will bring more $$$ in your paycheck because you can change your withholdings now that you can write off the interest on your mortgage; affording you greater buying power!
  • Home buyers can also take advantage of the Homestead Tax Credit as another home buying assistance tool; lowering property taxes!
  • There are numerous first-time homebuyer mortgage loan programs available, which can also help with closing costs; more assistance!
  • There is an ~300% rise in active listings for buyers to choose from, affording a buyer to find their home of choice; better choices!
Posted by

Christine Sherrod, Realtor

Weichert, Realtors

3701 Rossmoor Boulevard

Silver Spring, MD  20906

Top 5% National Sales Award

Direct:  (301) 908-8747

Office:  (301) 598-4222 x105

Email:   csherrod@mris.com

www.ChristineSherrod.com

Proven Results Everytime! 

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homeownership
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first time homebuyers
first time homebuyer
first time maryland homebuyer

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