Hunting season is here!!! House hunting that is…. Your time has come!!!

I am sure many of you keep hearing this from loan officers and realtors. You keep hearing it and wonder if it’s really true. Why would it be a great time buy??? The federal tax incentives are long gone and most of the state-funded grants are running empty.

For those of you who are skeptical, here are a few things to consider:

• You can get a great deal. Why? Because most of the buyers either bought already when they could get the tax credit or decided not to buy after all. As a result we have a lot fewer buyers on the market than earlier this year. Fewer buyers means more competition for sellers which in turn means even lower prices. Yes, you might have missed out on the $8000 tax credit, but you can actually make that back as equity on your newly purchased home.
• Mortgages are cheap. With rates around 4.3%, it won’t get better than this. These are the lowest rates ever on record. There’s really not much more to say about this. We all know what a difference a point makes when it comes to monthly mortgage payments.
• You will save on your taxes. This is new to those who have renting. Rent is not tax deductible but real estate taxes and mortgage interest is. It can add up to nice chunk of money when April 15 rolls around.
• You’ll get a better home. You will get a better home. In this depressed market, your dollar goes further than ever before. You can buy a bigger, nicer home in a better area simply because the prices are down.
• It’s forced savings. Yep, you heard it right. Owning your own home forces you to save money. On the long term, every penny you put toward your mortgage builds your equity. When you decide to sell, that equity will be yours.
• There is a lot to choose from. With this crazy buyer’s market, there is an abundance of homes… Go looking and take your pick…
• Sooner or later, the market will clear. And clear, it will. Demand and supply will meet. The population is forecast to grow by more than 100 million people over the next 40 years. That means maybe 40 million new households looking for homes. Meanwhile, this housing glut will work itself out.

We hope we have given you a clear picture on why you should be buying a new home now. Whether it’s your own residence or an investment property you are thinking about buying, the RedSign Team is here to help with your purchase. Give us a call at 877.787.2008 or drop us a line at support@redsign.com

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