In Eagle River Wisconsin it IS the TIME to BUY if you are a first timer!!
With all of the media noise about the market these days the one item that I will agree with is that it remains a great time to be a first time home buyer. In our community of Eagle River , Wisconsin, we have a large amount of homes for sale whether you are a buyer looking for in-town living or country living. There is something for everyone and if you are willing to shop around there are definite "deals' to be had. While it is true that lending has tightened up if you have some money down and good credit you should be able to secure yourself decent financing that will rival interest rate all the way back to the 1970"s. This is good news for many of your out there.
If you are concerned about the market being at its bottom or if the time is right for YOU, with your special circumstance , definitely talk to a local professional and get their advice. Remember, the benefits of purchasing now rather than continuing to wait for a bottom that may have already past us are great.
Some of those advantages are:
1. Less competition so you are less likely to get into a multiple offer situation.
2. Interest rates are at an all time low and the new tax credit could allow you up to 7500 dollar in tax credits .
3. We are inventory rich so you have a lot of parcels to choose from.
4. With increased inventory there is often an increase in the ability to negotiate.
For a complete list of all advantages including tax advantages , again, contact a local expert in your community. Depending on purchase price and the amount of money you have down a REALTOR in your area should be able to give you an idea of all the advantages that come with home ownership.
So, start looking and seize the opportunity at hand. Remember, the one investment that has continued to increase over time has been the value of homeownership!!!