Thursday, January 8, 2009

Don't Let This Pass You By!

Just a quick note to say there has never been a better time to buy a house than right now! You are probably saying, "you guys have lost your mind", but the fact of the matter is, this is the best time to purchase a home in history. Here are some reasons why:

1. Interest Rates are at Historic Lows. On Monday of this week buyers were able to lock in their mortgages at 4.5% on a 30 year fixed rate loan.

2. Houses for Sale are Priced Right. Yes, occasionally a seller will have their home priced higher than market - and truthfully - IT WILL NOT SELL. However, there are plenty of well priced homes on the market today.

3. Tax Credits and more Tax Credits. For the next 60 days buyers have access to two types of tax credits - one provides up to a $7,500 Tax Credit and another is an annual Tax Credit of up to $2,000 for the life of the loan. Of course there are stipulations on each of these, but over 75% of the buyers will qualify for one or the other.

We felt this was important enough to send to everyone in our database and to post on our blog. In fact, if you have done business with us before you know we strive to do the very best by our clients. We know many of you are not in the market, however you may know friends and relatives who are in the market or who are renting. One of the greatest gifts that you can provide them is starting them on the road to home ownership. You can help them start that process by encouraging them to sit down with Ann or Bill to discuss their housing situation. This conversation could earn them thousands of dollars on this years tax return (yes the one they will get in the next month or two) and save them literally a hundred thousand dollars or more over the life of their loan.

Thank you for taking the time to read this and to pass it on, if approproate. We are never too busy to help you, your family and friends with your real estate needs. Please don't hesitate to call or email us if we can be of service.

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