The home buyer tax credit is no more, but that doesnâ€™t mean itâ€™s not a great time to buy!
Itâ€™s still a great time to buyÂ your first home, or move up into something larger.Â Maybe itâ€™s time to purchaseÂ that investment property or vacationÂ home youâ€™ve talked about.Â
Great property deals continue to beÂ offered throughout Albuquerque and Rio Rancho.Â Foreclosures and Short Sales are unfortunately abundant, but do provideÂ great investment opportunities for peopleÂ in a position to buy.Â
First-time buyer assistance programs are still available.Â
If you buyÂ a property owned by Fannie Mae you may beÂ eligible to receive 3.5% of the purchase price, which can beÂ used toward closing costs or new appliances â€“ or a combination ofÂ the two!Â Â This program is scheduled to expire June 30, 2010.Â
HUD homes purchased using FHA financing allow you to pay a $100 down payment with a full priced offer!Â Contact me for details.
Mortgage interest rates remainÂ at historic lows.Â The 30-year fixed-rate mortgage averaged 5.06 % for the week ending April 29, 2010, down slightly from last week when it averaged 5.07 percent.Â Securing a mortgage at a low-interest rate will save you thousands of dollars!
If youâ€™re in the market to buy or sell a home â€“ contact me today!