Wednesday, August 27, 2008

TOP 10 REASONS TO BUY A HOME THIS YEAR!!!

If you are still wondering if this is the right time to purchase a home, the answer is YES!! Here are some of our favorite reasons why.... 1. HOME PRICES ARE DOWN: There are incredible deals available. Not only are there bank-owned properties out there, but sellers are competitively pricing their homes to compete with foreclosures! 2. BUYERS DON'T HAVE TO PAY FOR EVERYTHING: Sellers are willing to help with closing costs, and are willing to negotiate. 3. RATES ARE LOW: With the increased loan limit amounts currently in effect because of the Economic Stimulus Act, rates for loans are still low. 4. ECONOMIC STIMULUS ACT COMING TO END: The increased loan limits are expected to expire by the end of 2008, unless signed in permanently during the next presidency. But why wait and see if the loam limits will be gone forever? Purchase now while they are still in effect! 5. MORE INVENTORY: With more homes available for sale, buyers have more variety to choose from. It is much easier to find your dream home with more inventory on the market. 6. BUYING VS. RENTING: Why throw your money away every month by paying somebody else's mortgage as a rentor? 7. GOING BIGGER AND BETTER: This is a time for trade up opportunities. You can sell your home and move into a home that better suits your family's needs. Even if you sold your home now for 10% less than what you would have liked, you would also be paying 10% less for the home you purchase! The market condition evens outs money in/money out of your pocket. If you sold your home for more money, you would also be PAYING more money for your trade-up home. 8. TAX DEDUCTIONS: Mortgage interest and property taxes on your home ARE DEDUCTIBLE! 9. PRIDE OF OWNERSHIP: You will have a stake in real estate! You will be the owner of your castle. 10. FAMILY WEALTH: Real estate ownership creates wealth in families because throughout time, in the long run, real estate value will only increase.

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