Historic Chance to Buy Real Estate

According to a recent article published by RisMedia, by Margaret Kelly, CEO, RE/MAX Inernational, Inc, "There hasn’t been, and may never be, a better time to enter the U.S. real estate market, and those who hesitate with hopes of larger tax credits and even lower prices are gambling away the chance at historic savings and incentives. If you are a buyer, and highly-qualified and motivated, act now while fellow first-timers are your main competition. If stimulus programs grow to include all home buyers, demand could start driving prices higher as move-up buyers and seniors who want to downsize get in the game."

Potential home buyers are seeing a fortuitous combination of low mortgage rates, affordable home prices and the first-time home buyer tax credit - which, as of this date, still is set to expire Nov. 30.

If you are a 1st time buyer (anyone who hasn’t owned in the past three years (anyone who hasn't owned a home in the past three years, for their personal residence) and are not yet convinced now is the time to buy, rethink that decision now.  Wouldn’t you rather buy with the maximum number of factors on your side? And for many first-timers who buy before Nov. 30, it will mean the difference between owing taxes and receiving a sizeable tax refund.  The article flatly states that "Anyone who buys a home that’s priced competitively in this market, and plans to live in it for five years or more, will see rewards."

There seem to be news articles every day that the 1st time buyer credit is driving the upswing in the real estate market.  Don't get left behind.