A lot of people are saying it is a good time to buy a home in today's market, but the question is WHY? What are home buyers getting today that they will not get if they wait to buy until later this year?
Here are some reasons we think today is a great time to buy and why you should act now to get the best deal.
Selection – No matter what price point you are looking in, in today's market you can get more house for your money. The home you have always wanted is more affordable today and it may not be as affordable tomorrow. There are also more choices on the market for buyers to choose from, there are more homes for sale and that means more choices for buyers.
Affordability – Mortgage rates are close to historic lows and that also means you can get more house for your money today than if you want.
Tax incentives – If you are a first time home buyer you have an extra incentive in this market because not only is there more on the market that is affordable for you, you can also get a tax CREDIT if you buy this year. That is right – the government will give you $8,000 tax credit if you buy. Not sure if you qualify? This website has a lot of information for you on the tax credit specifically.