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Friday, 04 December 2009 00:00 |
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NOW there is good news for almost everyone. There is a unique opportunity for you to take advantage of the lowest prices in real estate we have seen in decades. The first time home buyer tax credit was expanded to allow you to purchase a home and receive up to a 10% tax credit on the purchase price up to $6500.00. What this means, if you have lived in your home as a principle residence for 5 of the last 8 years you may qualify.
The new law requires you to purchase the new home as a new principle residence. It does not require you to sell your old home. Now is your chance to get into the rental home market and let someone else pay your mortgage. Call us now. We have many homes on the market that will qualify for this purchase. Even though there has been a down turn in home prices, real estate is still a good investment, in the long term. Mortgage rates have never been lower and money is available.
The local market showed improvement in the number of sales from October, 2009 thru November of 2009. There were 20% more homes sold than in October. Although the average price was a bit lower the activity was encouraging.
Local Real Estate News.
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