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5 Reasons Why Now Is A Great To Be A First Time Homebuyer

By
Real Estate Agent with Century 21 Simpson Realty

5 reasons why I think now is a great to be a first time homebuyer:

 

5.) Selection: There are a lot of homes currently on the market to choose from.  The large selection gives buyers a lot to look at and compare other homes with; which increases the chances of finding the right home for you.

House

 

4.) Low Interest Rates:  Need I say more?  Low interest rates can be great when it comes to your monthly payment. Rates are so low right now that you may even be able to afford a 20 or 15 year mortgage vs. a 30 year!

 

3.) Loan Options: There are several different types of loans that a buyer may qualify for. Some FHA Loans offer 100% financing!  There are also Rural Development loans, VA loans and conventional loans.  Talk to your banker to see which loans you may quality for.

 

2.) Competitively Priced Homes: Due to the large selection of homes on the market, many sellers are pricing their homes very competitively.  Does this mean they'll give their home away - probably not.  But, it's important that both buyers and sellers understand that homes are still selling if they're realistically and competitively priced.

 

1.) First Time Homebuyer Tax Credit: With the new first time homebuyer tax credit you may qualify for a tax credit up to 10% of the cost of your home (up to $8,000).  For more information you can visit: www.federalhousingtaxcredit.com

 

 

Comments (1)

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hi, Lori

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Oct 27, 2017 08:00 PM