Monday, December 29, 2008
Home Ownership is an Investment in Your Future:
Home Ownership is an Investment in Your Future:
A Federal Reserve study has shown that the average homeowner’s net worth is 46 time the net worth of a renter. The average homeowner’s net worth is $184,400 compared to $4000 for renters.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Home….
Contact me for more information.
Tuesday, December 23, 2008
No Time Like the Present:
No Time Like the Present:
The most important fact for a buyer is to “get in the game”. Housing is a medium to long-term investment. Over the past 30 years, the median price of existing homes has increased more than 6% every year. Thanks to the power of leverage, a homeowner’s return on investment is even more impressive over time.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Home….
Contact me for more information.
Increased FHA Loan Limits:
Increased FHA Loan Limits:
The Federal Housing Administration (FHA) insures loans, so your lender can offer you a better deal including: low down payments, low closing costs, and easy credit qualifying. Ask your lenders about current FHA loan limits in your area.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Home….
Contact me for more information.
$7,500 Federal Tax Credit:
$7,500 Federal Tax Credit:
First-time home buyers who have been sitting on the fence now have a significant financial incentive to explore the opportunities available in today’s housing market. Newly enacted legislation provides a tax credit of as much as $7,500 to first-time home buyers.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Home….
Contact me for more information.
Friday, December 19, 2008
Increased Tax Exemption:
Increased Tax Exemption:
Amendment doubled the standard homestead real estate tax exemption for most homeowners. The exemption increased from $25,000 to $50,000; lowering the taxable value of your primary residence.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Home….
Contact me for more information.
Homestead Portability:
Homestead Portability:
Florida homowners that have accumulated Save Our Homes (SOH) benefits are now allowed to transfer this savings to a new residence thanks to Amendment One. This tax savings works whether you are “upsizing” or “downsizing” your home.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Home….
Contact me for more information.
Thursday, December 18, 2008
Strong Ability to Negotiate:
Strong Ability to Negotiate:
A few years ago when you made an offer, the only questions was how high above the list price you should reach in hopes of being the best offer on the table. Today the sell price versus list price ratio is about 93%. Sellers won’t be insulted if you “make them an offer they can’t refuse.”
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Home….
Contact me for more information.
Home Prices Have Drastically Reduced:
Home Prices Have Drastically Reduced:
The affordability index for 2008 averages 104%. An index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Home….
Contact me for more information.
Wednesday, December 17, 2008
Low Interest Rates:
Low Interest Rates:
Mortgages are at historically low rates for buyers who qualify. Rates are hovering right around 6%, the same as they were 45 years ago. According to data provided by Freddie Mac, rates so far in 2008 are averaging 5.99% versus a 2007 average of 6.34%.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Homes….
Contact me for more information.
An Abundant Selection of Homes:
An Abundant Selection of Homes:
The number of homes for sale is at a 15-year high. Regardless of price range, there are many homes from which to choose. The great selection of single family homes, condos and townhomes means a greater chance of finding the one that fits your lifestyle.
Related Links:
10 Great Reasons Not To Wait To Buy Your Dream Homes….
Contact me for more information.
10 Great Reasons Not To Wait To Buy Your Dream Home….
10 Great Reasons Not To Wait To Buy Your Dream Home….
- There is currently an abundant selection of homes.
- Interest rates are low.
- Home prices have drastically reduced.
- A strong ability to negotiate the price.
- Homestead portability.
- Increased Tax Exemption.
- $7,500 federal tax credit.
- Increased FHA loan limits.
- No time like the present.
- Home ownership is an investment in your future.
Contact me for more information.