Tuesday, January 5, 2010

Real Estate 411: Why buy or sell real estate NOW?

These 3 Market Conditions make this a successful environment to buy or sell real estate NOW:

#1 The Extended Homebuyer’s Tax Credit is available for first-time homebuyers (up to $8,000) as well as existing homeowners (up to $6,500). The tax credit expires on June 30, 2010, so NOW is the time to find your dream home and get it under contract (by April 30, 2010).

#2 Mortgage rates are at an all time low, but they won’t stay that way long. Since the Wall Street financial panic, mortgage rates have stayed low, but Freddie Mac announced recently that they will go up. It could cost you if you wait, nail down your financing NOW while rates are still low.

#3 Home prices are up nationwide by six tenths of a percent. Experts predict continued growth so NOW is the time to take advantage of the lower prices.

Contact your CENTURY 21 Judge Fite Real Estate Associate to get started with your real estate transaction. Call 800-451-8055, or email 411@judgfite.com.

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