The New Year is almost here. Will you Buy a Home in 2010?
Home prices are down in almost every market right now. Interest rates are still at historic lows. The Home Buyer Tax credit applies to just about everyone now. Do you really need another reason to Buy a New Home? By the way that doesn't mean literally a "New" home. Just a home that is new to you. There are many existing homes on the market right now that are priced right. Even New Construction homes are priced down next to just a couple years ago.
Well if you need just one more reason to buy now.....here it is.
Interest rates are expected to begin climbing this year and could possibly be a full point higher then they are now by the end of the year.
Home prices are already beginning to climb in many markets and will probably finish the year higher in 2010 then they have been for the past year or so.
The Home Buyer Tax credit is set to expire for homes not under contract by the end of April 2010 and another extension is probably not going to happen.
This is the "Perfect Storm" for almost any home buyer right now.
If you are a current home owner and you have lived in your home for 5 consecutive years of the last 8 years, you are eligible for a $6500.00 tax credit if you purchase a new primary residence. Whether you sell your current home or not.
If you are a First Time Home Buyer you are eligible for an $8000.00 Tax Credit if you have your new home under contract by April 30th of 2010 and close by June 30th of 2010.
If you would like more info about the advantages of owning your own home you can reach me at 502-773-2564 or you can email me at BobMurphy@Insightbb.com
You can also visit my website at www.RealLiving.com/Bob.Murphy
Howdy and Morning Bob
Home buyers sure should be checken out some of those fine home deals, out there in the marked right now. Thats for sure! Hope you and your family, have a safe and Happy New Year!!!