Why is NOW the best time ever to purchase real estate?
The answer is easy...YES.
But WHY?
If you have ever thought about purchasing real estate...now is the time because home prices are low and everything is working in your favor as a homebuyer. Whether you are a first-time homebuyer or someone looking to move-up to a bigger/better home, you are buying incentives for everyone, such as tax credit and low interest rates.
What is the most important for a homebuyer to know in 2010?
There are TWO (2) important dates for homebuyers to know in 2010 as follows:
March 31, 2010: The Federal Reserve program which is purchasing MBS to keep rates historically low will END. In other words, mortgage interest rates will be rising above 5% after the first-quarter of 2010.
April 1, 2010: The First-time homebuyer tax credit program which provides tax credits for new homebuyers and previous homeowners will END. In other words, there will no longer be incentives to purchase a home.
So the real question is...WHAT ARE YOU WAITING FOR?
Call me at 301-452-4767 with any real estate questions!