Wednesday, May 6, 2009

A First-Time-Buyer's Perfect Storm

The conditions are just plain perfect for 1st time homebuyers right now:

  1. Choices are many: Slow sales over the past few years have resulted in a large number of homes on the market.
  2. Prices are low: Slow sales and the large volume of foreclosed properties and short sales have pushed prices down to 1999 levels!
  3. Interest rates are terrific: 5% or better; the lowest rates in years!
  4. An $8000 tax credit is there for the taking if you have not owned a home in the past 3 years: You only have until November 30, 2009 to take advantage, so don’t miss out! The following link lays out the whole program with a good section on frequently asked questions: http://www.federalhousingtaxcredit.com/2009/home.html You can even get a tax credit that exceeds your tax liability!!!!!!!!!

    Call us at 488-0236 (Jared) or 488-0102 (DeAnna) or email us at Team@JaredArnold.com for further assistance.

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