Home ownership has long been the American dream. While many of us who bought at the top of the market or refinanced and took equity out of our homes find ourselves underwater in our homes, if you are looking to buy, now is a great time.
Here are five reasons to buy now!
1) Homes are down 30% for their market highs making home ownership more affordable than it has been in 10 years.
2) Mortgage rates are at all time lows. Rates as of 9-3-2010 just hit 4.34%. That means that not only is it cheaper to get into a home than it has been for years, but they money you pay on that loan is less expensive than it has even been which extends your buying power even further.
3) Large amount of inventory to choose from. I can remember the days when buyers needed to make a decision during a single weekend or the home they wanted would be snatched up by someone else. In today’s market there is a surplus of inventory. That means for owners to compete, you are finding homes with upgrades you used to pay extra for listed at the same price as homes without.
4) Builder discounts. Builder’s competing in this market are offering countless incentives. From free upgrade packages, special financing, to paying for closing cost.
5) Tax benefits. Most mortgage interest is tax deductable. Check with your accountant, but typically home ownership is the single largest tax deduction for the average American.
Start your NEW HOME search HERE with The Cascade Team!
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