Many would love to take advantage of the low prices in the real estate market but are really bothered about selling their current home at a loss. Here are a few things to consider --
Everyone would probably agree that now is a terrific time to buy a home at a really low price. Sellers with their home on the market would like to sell their home and most continue to lower the price in order to get a bite. People buying homes right now are really getting a super deal because property values are down.
Right now if you weigh the fact that you are going to get a really great deal now and sell your home at a price that will excite the buyer, it's really a wash on paper.
You get to move to a home that really excites you and your family. You get to move on to another chapter in your exciting life.
Also, right now, there are tax incentives as a Move Up Buyer. First time home buyers are excitedly looking for homes to take advantage of their First Time Home Buyers Tax Credit that is currently available.
Interest rates are low and there are mortgage programs currently available that will allow you to purchase a home as long as your current home is listed for sale or rent. FHA loans are available for only 3 1/2% down. VA loans allow for 100% Financing for those who are in the military. USDA Loans allow 100% financing in select areas of Tampa Bay. There is a local bank also that offers 5% Down Conventional loans with a great interest rate.
So again, now is a great time to take advantage of the Low Real Estate Prices, the Low Interest Rates and the Current Tax Credits available to First Time Home Buyers and Move Up Buyers, as well as Buyer Incentives that we offer at Charles Rutenberg Realty, Inc. Call for details.
I look forward to providing any information that you may need in considering a home purchase in the Tampa Bay Area.
If you need to sell, Please call me for an accurate opinion of value.
Tony Collings, SFR
Charles Rutenberg Realty ,Inc.
Realtor and State Certified Residential Real Estate Appraiser