Indra S. Asserfea asked:
Real Estate has always known to be a good investment. If you look Although you may say “No, look at what happened to our economy because of real estate”. Well my answer to that is it isn’t the real estate itself but, the system that was in place and the methods that were used to purchase real estate is what got us into this mess. Now with the government’s help and new rules and regulations for all of us, our sources of funds to continue buying real estate still remain with the banks. Banks will begin to lend again but with those new rules in place otherwise we will not be helping the “flow” of our economy and getting ourselves out of a recession. So now that you can trust again, let’s look at the benefits for a first time home buyer especially in this economy.
1) Low Price – It is a “Buyer’s Market” and what this means is that there are multitudes of houses in the market place for buyers to choose from. There are both good and bad to this type of market. The good thing is that prices are extremely low and this is really, really good for a first time buyer. The bad thing is because you have so many to choose from, a buyer becomes indecisive. Why? Because a buyer thinks he’s making the wrong choice over another property. This, for a first time home buyer who does not know the pros and cons can be an excruciating ordeal which could lead to a “freeze mode” and thus, end up not making a decision to buy at all. So do not allow the numerous choices to get you down, buy now because the prices won’t always be like this.
2) The New Federal Housing Tax Credit – A tax credit of up to $8,000 has become available for first time home buyers if they were to purchase a home between now and the end of this year 2009. Plus this credit does not have to be repaid. If you have not owned a home in the previous three years you are eligible. Income is also a determination as to the amount that you may be eligible for. The reason this was enacted is to help put some surge into our economy and we should take advantage of it if we can. It is free money that you file for in your 2010 tax return. So hurry! You only have nine months left and considering it takes approximately 60 to 75 days to close a loan, you might want to begin your search now if you haven’t already done so.
3) Don’t Have a Lot of Money? – No Problem. There are still many types of loans that are out there for a first time home buyer. Speak with your Realtor if you are using one or your Mortgage Broker if you know of one or any direct lender. You can also go on to my website for more information [http://rem10p.uellc.net] and or send me an email if you’re seriously interested in buying a house at this time and I can help you achieve your goal.
Brent
Real Estate has always known to be a good investment. If you look Although you may say “No, look at what happened to our economy because of real estate”. Well my answer to that is it isn’t the real estate itself but, the system that was in place and the methods that were used to purchase real estate is what got us into this mess. Now with the government’s help and new rules and regulations for all of us, our sources of funds to continue buying real estate still remain with the banks. Banks will begin to lend again but with those new rules in place otherwise we will not be helping the “flow” of our economy and getting ourselves out of a recession. So now that you can trust again, let’s look at the benefits for a first time home buyer especially in this economy.
1) Low Price – It is a “Buyer’s Market” and what this means is that there are multitudes of houses in the market place for buyers to choose from. There are both good and bad to this type of market. The good thing is that prices are extremely low and this is really, really good for a first time buyer. The bad thing is because you have so many to choose from, a buyer becomes indecisive. Why? Because a buyer thinks he’s making the wrong choice over another property. This, for a first time home buyer who does not know the pros and cons can be an excruciating ordeal which could lead to a “freeze mode” and thus, end up not making a decision to buy at all. So do not allow the numerous choices to get you down, buy now because the prices won’t always be like this.
2) The New Federal Housing Tax Credit – A tax credit of up to $8,000 has become available for first time home buyers if they were to purchase a home between now and the end of this year 2009. Plus this credit does not have to be repaid. If you have not owned a home in the previous three years you are eligible. Income is also a determination as to the amount that you may be eligible for. The reason this was enacted is to help put some surge into our economy and we should take advantage of it if we can. It is free money that you file for in your 2010 tax return. So hurry! You only have nine months left and considering it takes approximately 60 to 75 days to close a loan, you might want to begin your search now if you haven’t already done so.
3) Don’t Have a Lot of Money? – No Problem. There are still many types of loans that are out there for a first time home buyer. Speak with your Realtor if you are using one or your Mortgage Broker if you know of one or any direct lender. You can also go on to my website for more information [http://rem10p.uellc.net] and or send me an email if you’re seriously interested in buying a house at this time and I can help you achieve your goal.
Brent
