By:  Shannon Register

If you have been on the fence about buying your first home, now is the time to buy and I want to tell you why this is the best financial opportunity for you right now.

Right now your Uncle Sam is offering you an amazing deal.  If you buy your first home between January 1, 2009 and December 1, 2009 you qualify for a first time home buyer tax credit.  The tax credit is equal to 10% of the home’s purchase price up to $8,000.  It DOES NOT have to be repaid.  Single taxpayers with incomes up to $75,000 and married couples with inomes up to $150,000 qualify for the full tax credit.  This tax credit is also available to buyers who have not owned a home in the past three years.  Unlike previous home buyer tax credits, this one is refundable which means that the credit can be claimed even if you have little or no federal income tax liability.  So if you had a tax liability of $2,000 and received a tax credit of $8,000, Uncle Sam would send you a check for $6,000.  It really does pay to buy now!

Interest Rates are at an all time low rigth now.  It’s been atleast 40 years since rates have been this low.  There’s no better time to lock in a low interest rate on a 30 year fixed rate loan.  We know for sure rates will go up, but we don’t know when.  Take advantage while they’re really low!

Right now there is a lot of inventory on the market to choose from.  There are builders that have houses ready to be purchased that have never been lived in.  There are also resale homes.  As a first time home buyer, you can get more than a starter home right now.  You can get a lot of house for your money.  Softened prices have increased home affordability!

I have never met a financial or tax advisor that thought owning a home was a bad investment.  There are tax incentives to home ownership.  There is the peace of mind that you own it and are not worried about your landlord’s financial standing.  Now is the time to create long-term financial stability thru home ownership.  Stop renting and paying someone else’s mortgage.  Start building equity! 

Make a move before it’s too late!  If you have a good job and have been pre-approved, what are you waiting for?  Rates will go up, inventory will decrease, and if you wait too long you’ll lose the opportunity of a livetime from Uncle Sam.  Act now, before the market starts to improve.  We were in a sellers market for years.  This buyers market won’t last long and we’ll be back in a seller’s market and you will have missed this amazing opportunity.  Yes, it can be scary when you have never purchased a home before.  I can help you.  I can represent your best interest in the buying process and it doesn’t even cost you any money.  The seller will pay my fees and I represent your best interest.  The market is in your favor right now, but you have to take the first step.  Call me today and I will lead you down the road to home ownership.  I have done it many times myself and have helped many people buy their own homes.  I love selling houses, but there’s nothing like the feeling I get when I see a homeowner taking pride in their first home.  You have to have a great agent that won’t lead you astray and is patient enough to explain things along the way.  I have had clients call me multiple times with the same questions because days later they’d gotten confused about something.  I take the time to explain it again and again because it’s important.  Buying a home is complicated and my clients know they can call or email me anytime and I will walk them through the process and answer any questions they have.  I want to help you buy your first home TODAY!