You know how I keep trying to tell you that NOW is the time to buy? I’m not making that up!
Buy now, and you can get tax credits! Up to $8,000 for first-time buyers, and $6,500 for people who have previously owned homes. Wait until after April 30th, and you will miss out.
Buy now, and you will have a LOW interest rate on your mortgage! Right now, interest rates are historically low. Mortgage interest rates are hovering right around 5% right now, and have been for some time. Soon that will change. The Federal Reseve has said that it will stop buying mortgage-backed securities at the end of March, and if that happens it will most likely cause rates to increase.
Buy now, and you will probably get a better price on the home you purchase. Accordin to the National Association of Realtors, 30% of markets are already experiencing price increases. Home prices in the Indianapolis Metropolitan area fell during every month in 2009, except December. In December, we saw something strange, prices went up. Just a little, but still, UP! You know what? The same thing happened in January. And February too. I’m seeing a trend here.
If you would like to discuss your options, give me a call.