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
• Active duty veterans who served on an official, extended duty service outside of the United States for at least 90 days during the period of December 1, 2008 through May 1, 2010 will be granted a 1-year extension on the home buyer tax credit.
In other words, any active veterans who served overseas for over 90 days between the aforementioned dates can qualify for the home buyer tax credit that expired for everyone else on April 30, 2010 if they are in contract to purchase by April 30, 2011 and complete the transaction by June 30, 2011.
Any veteran who’s thinking of buying a new home who served overseas during this timeline should be happy to know they have an extra year to find a new home.
• 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!!
- NUMBER1EXPERT™ 
