Sunday, March 15, 2009

5 Reasons Why Now is a GREAT time to be a 1st Time Home buyer



5 reasons why I think now is a great time to be a first time homebuyer:

5.) Selection: There are a lot of homes currently on the market to choose from. The large selection gives buyers a lot to look at and compare other homes with; which increases the chances of finding the right home for you.

4.) Low Interest Rates: Need I say more? Low interest rates can be great when it comes to your monthly payment. Rates are so low right now that you may even be able to afford a 20 or 15 year mortgage vs. a 30 year!

3.) Loan Options: There are several different types of loans that a buyer may qualify for. Some FHA Loans offer 100% financing! There are also Rural Development loans, VA loans and conventional loans. Talk to your banker to see which loans you may quality for.

2.) Competitively Priced Homes: Due to the large selection of homes on the market, many sellers are pricing their homes very competitively. Does this mean they'll give their home away - probably not. But, it's important that both buyers and sellers understand that homes are still selling if they're realistically and competitively priced.

1.) First Time Homebuyer Tax Credit: With the new first time homebuyer tax credit you may qualify for a tax credit up to 10% of the cost of your home (up to $8,000). For more information you can visit: www.federalhousingtaxcredit.com

JOSHANDERSON RealEstateConsultant TheAndersonGroup

cell: 615.509.7000 office: 615.425.3952 fax: 615.690.9054
Keller Williams Realty, 30 Burton Hills Blvd. Ste. 175, Nashville, TN 37215
www.JoshAndersonRealEstate.com

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