Westercon60 Home world

If you’re straddling the fence about buying a home, you could kick this opportunity, if it closes. Never in history have the cards stacked Beens for the customer as they are today. Here are eight reasons that will convince you that now is the right time to stop renting and buy your own home. 1st The market is with you. Buyer’s market occurs when there are more sellers than buyers, resulting in more choices and lower prices due to oversupply. Houses are purchased in both buyer and seller market, but for the buyer, now is the time to be the most afraid of her money. 2nd Favorable interest rates. As the week ending 16th April, 2009, 30-year fixed rate mortgages averaged about four. 82 percent. The same period last year, the same mortgage is 5 88 percent. Hybrid Adjustable Rate morgages five years (weapons) on 4 88 percent, compared with the 5th 48 percent a year ago and the lowest level since 2005. Suppose we know that in the next 30 years, you will be 5 percent to pay for your mortgage. 3rd Exclusion features. Foreclosure properties represent about a quarter of all home sales. In California, 55 percent of all donor closure properties. Banks that do not want to be in real estate companies dictate the price of the house, and they are eager to cover their investment and sell it. You have to be careful what you buy, but yields out there. 4th Tax credit for first time buyers. If the buyer has not owned house in the last three years, and falls into an acceptable range of income, they can take credit in the amount of tax to 10% of the sales price of the house, to a maximum of $ 7500th This applies to homes that closed between 04/09/2008 and 07/01/2009 before, and can be applied to either 2008 or 2009 taxes. Really fun part of this tax advantage is that the true credit. If you owe $ 8,500 tax credit back $ 7,500 comes from the top, making a total due of only $ 1,000. Not only is it refundable tax credit, but it is a loan. This means that within two years, buyers have to start paying back more than $ 500 a year for 15 years. If the property is sold at that time, the amount of profit. If there is no profit, the loan will be wiped clean slate. 5th The cost of renting is not down, but house prices. The cost of buying a house has fallen in most of the United States, dramatically in some areas more than ever. This decrease in price has no effect on rents, which remained pretty solid. According to the report by John Burns Real Estate Consulting in Irvine, California, 50 percent of 76 major markets in the country, the average person can buy a house for less than they would rent one. 6th Solid investment. In this rarefied market shaky hedge funds and financial institutions collapse, an investment that you can feel relatively safe. Every dollar you spend basically goes against your back in your pocket when you finally sell, and added some extra income to boot. 7th More Homes for money. In combination with lower prices and record low interest rates, new buyers can begin the home much more than you could have entered the market four years ago. 8th Today, built-in security features. Some states, like California trying to make it easier for people to invest in the house. California Association of Realtors Housing Affordability Fund introduced a mortgage protection program. For a house bought in 2009, when a homeowner is not able to get your payment, the fund will cover up to $ 1,500 a month for six months.