The housing market is looking healthier. Here are a few reasons why now is the time to jump into the market.
• There is a large inventory of available homes for sale at reasonable prices
• Interest rates are at near record lows, which will save you thousands of dollars over the life of the home loan
• If you are a first-time home buyer, a three-year forgivable tax credit can reduce your income tax bill by up to $8000, but expires on April 30, 2010
• If you are a current home owner, and are selling your current home and buying another primary residence, a three-year forgivable tax credit can reduce your income tax bill by up to $6500, but also expires on April 30, 2010
• For low-to moderate-income homebuyers, five-year forgivable grants of up to $4000 may be available to assist with the down-payment and closing costs
• When the economy improves and home values go up (and they will) your equity goes up, rather than your landlord’s equity
• You can itemize your deductions on your federal tax return and claim your interest payments, property taxes, and mortgage insurance, as well as deduct a portion of your property taxes on your state tax return.
• With a fixed-rate mortgage, your monthly payment (principal and interest) stays the same – while, even with normal inflation, everything else, including rent, goes upward.
• There is something comforting in the notion that your home is your own. Home ownership requires responsibility, but offers much greater flexibility.
Give us a call today and learn how you can take advantage of these incredible opportunities!!
Check out our other website at www.DecaturHomeSource.com
Visit our other website where you can find more tips for buyers and sellers, as well as access more information about Decatur and our surrounding areas. See our Recommended Links page to find links to community websites, local school web sites, local hospitals, and much more.
- NUMBER1EXPERT™ 
