If you haven’t owned a home in the last three years, then you qualify as a “first time buyer,” and you are eligible for up to an $8,000 tax credit if you purchase a home before December 1, 2009. Combined with low-interest rates, now is an excellent time to seek financing and make your move. If you get a fixed-rate mortgage, your monthly payment will always remain the same, while rent and everything else keep going up.
The investment potential of buying a home is very attractive right now because values that were driven down by foreclosures will climb back upward. That means the value of the home you buy now will rise, and soon, resulting in instant equity!
And think about the return on that investment. If you put $10,000 into the stock market and earned 10%, your profit would be $1,000. Put that same $10,000 into a home purchase that appreciates 10%, and you’ve made $10,000.
Finally, there is simply the security of owning your own home and having absolute control over making it as comfortable as possible for your lifestyle. Need more reasons? Call an agent today!
Understanding real estate dilemmas and their solutions is our business, and we’ll happily share our knowledge with you. Why not visit our website GabeSanders.com or call us at (772) 888-2885.
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