Many Buyers as of late are on the fence, if they should purchase a home now. I know they have pause for concern. Let me give you some facts, yes credit did tighten up. But it is mostly found in the population that have a low credit score. For the most part you can achieve financing with as little as 3% down payment with FHA or no down with VA financing. These programs are backed by the government and can be achieved with minimum amount of headaches. As a Buyer you may say, I want to wait to see what happens to the market....You can but lets looks at what is going on now. "ROBUST inventory, LOWEST interest rates in years, and MINIMAL competition." So I ask you this if you wait till the market flips, you will be competing against all the others like you waiting on the side lines. So now you can start looking or upgrading to your dream home. It is very seldom that a market has ample inventory, low interest rates and little Buyer competition. Even if the current market slips, Real Estate does always recover. You can now start enjoying your new home and also take advantage of the tax benefits and your future. If you are a 1st. time home buyer, you can take advantage of up to $7,500.00 tax credit for homes purchased before July 1st. 2009. This program is the Housing and Economic Recovery Act 2008. If you have any questions, feel free to contact me at: findit@LehighValleyRealty.com .
Monday, October 13, 2008
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