Article Summary:

Article Content:
Real Estate Investing

If you’re a potential first-time home buyer who’s been sitting on the fence, now may be the golden moment to take the leap. In fact, there are at least seven good reasons why buying your first home now makes superior financial sense. New Listings

1. Softened Prices Increase Home Affordability
The most modern survey on home affordability from the National Association of Realtors® brings great news – more buyers are able to financially afford to purchase a home today .The survey shows that, in order to purchase the average median priced home of 4,600, a buyer would only need qualifying annual income of ,416. This is based on a 20% down payment, a monthly principal and interest payment of 7 and a mortgage rate of 5.1%. While softened prices haven’t been good news for sellers, they certainly benefit first-time buyers, boosting your ability to be eligible.

2. Low Interest Rates
With interest rates lower than they’ve been in more than forty years, now’s an outstanding time to lock in a long-term fixed rate. Not only will you be able to afford more homes, but you’ll have the peace of mind knowing that you’ve completed a sound financial decision taking advantage of historically low, bargain basement rates. One thing we know for sure: At some point in time, interest rates will increase; and that factor alone could prohibit you for the mortgage you need.

3. Large Inventory to Choose From
Unite low prices, low interest, with large inventory and it’s a buyers’ heaven! In markets of the past, numerous first-time buyers were relegated to buying a extremely small, almost cramped, starter home. With inventory high in numerous parts of the country, you’ll be able to choose a home that exceeds your first-home expectations. But caution: Don’ t be like a kid in a candy store spending so much time searching that you lose this great buyer’s market chance! Home Buying Tips

4. An ,000 Tax Credit Bonus
If you’re a first-time home buyer making a purchase before December 1, 2009, you’ll get a tax credit of 10 percent of the purchase price, up to a maximum of ,000. Unlike previous home-buyer tax credits, this one is refundable … meaning that the credit can be claimed even if you have little or no federal income tax liability to offset. For example, if you had a tax liability of ,000 and received a tax credit of ,000, Uncle Sam would launch you a check for a whopping ,000.

With over 11 years of skill in Real Estate, Jutta “Utah” Burden offers excellent service to ALL clients in The Woodlands Texas Real Estate market. With her expertise in Real Estate in The Woodlands and the surrounding area, she is definately the textbook resource when buying or selling your home! Whether you are a first time home buyer, or looking for a luxury home, she is the Realtor for you. Your complete approval with her service and representation is her ABSOLUTE number one priority.