Make Your Move Now!
Why you should buy a new home in today’s market
We may lap up the latest about Brad and Angelina or tune into the finale of the latest
and greatest reality show, but we cower with our ears covered at unending reports of our
troubled economy. And because bad news is reported somewhere 24/7, it’s become
difficult to sort through what’s REALLY going on in the housing industry.
The news media, while bellowing about foreclosures, excessive inventory, and
unstable financial institutions, has failed to report that right now is a great time to
buy a home.
Savvy investors understand the many reasons why now is a great time to buy and have
taken advantage of current market conditions. But what about those non-investors?
What about folks like you and me who just want to provide a home for our family,
maintain some financial stability or just fulfill the American Dream?
Tax Credit for First-Time Home Buyers
First, the new Stimulus Package allows for an
$8,000 tax credit
for qualified first-time home buyers. This means an automatic credit of $8,000 on your
tax return next year.
» Tax Credit Fact Sheet
Great Selection
Right now, the selection of available new homes is at an all-time high. With so many
homes on the market, you can get the features you want, especially if you buy new
construction. Hardwood floors, granite counter tops, upgraded appliances and outdoor
living spaces are no longer out of reach for most buyers.
Low Interest Rates
Interest rates remain low. There are many of us who bought our first home at double
digit rates and now we are paying half that! Qualified buyers can lock in a payment
that fits their individual budgets and terms.
Unbeatable Investment
Worried about real estate as an investment? Don’t be! Homeownership is still one of
the best long-term investments – better even than the stock market. According to the
National Association of Home Builders, a home appreciates an average of 5-6 percent
annually. And if you’re like me and have a tough time saving money, real estate
appreciation is a simple way to work toward financial security.
Financial Stability
Need a little flexibility in your budget? Need a little financial freedom? I’ve got
two kids in college and home equity comes in handy. Home owners with good credit can
borrow against their equity to help pay for medical expenses, that dream vacation,
and, yes, even college tuition.
A Home of Your Own
And, finally, it’s not a house, it’s a home. I know, you’ve heard that before. But a
home is a place to raise your family, snuggle by the fire on cold winter nights, wake
up to delighted children on Christmas morning, turn your son’s room into a gym (or a
shrine!) once he leaves for college.
A home is a place to make memories and call your own. And now is a great time to buy
a new home.
Written by Kim Finney, Marketing Director