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Jana Bolam's Blog

By Jana Bolam | Agent in Charlotte, NC

Great time to buy!

Our buyers market has created a wonderful opportunity for first time home buyers to buy a home!
There are so many incentives out there!  The first thing is that the interest rates are at a historic low... rates as low as 5.3%...this can save you lot's of money....  rates have not been this low for a long time!   There is also a first time home buyers tax incentive break.....  This is basically a tax free loan of up to $7500.00 that new home buyers can take advantage of...   this money can help you to buy furniture or provide funding for any home improvements that you would like to make.
The old adage of buy low... sell high... is the mindset that new homebuyers should embrace in this market.  The buyers are the ones who are getting the great deals right now.  However, if you are a seller, you can plan to recoup your money when you buy the new home.  The market is cyclical, and the market will shift again. 
Charlotte is still one of the best real estate market's in the country!

Jana Bolam
Keller Williams Realty@Baxter Village


By Emily Arzate,  Thu Dec 11 2008, 17:05
I agree 100% Jana! There is so much bad press and bad media about the economy in general, but also about the real estate market, that I think everyone has misinterpreted the term "Bad Market". We have to remember, we typically call real estate a "Bad Market" when it's a bad market for the sellers, but "Bad Markets" are opportunity markets for buyers! It's like what I just heard Dave Jenks say, "It's a great time to buy, and a risky time to wait!"

Emily Arzate
Keller Williams Realty - Greensboro
By J,  Sat Dec 13 2008, 08:04
Hello Emily. Jana, great post! Opportunity abounds both sellers and buyers and taking a fresh look at what the current market has to offer is truly amazing. From downsizing to upsizing to investment properties the choices and prices are incredible and ripe for the picking. For those looking to diversify their financial portfolios I cannot think of a better asset than investing in bricks and morter.

Housing is the one asset that gives owners a larger amount of control over the outcome, especially when deciding how to position their asset in the current market to benefit their short and long term financial goals. As most pick and choose what stocks and funds will yield them the highest return in the future, similar strategies apply to housing. Planning ahead is the fundemental key to success relating to any investment, and having a solid and realistic housing plan that flows comfortably with a family's budget should be a huge part in the planning process.

"Invest wisely today and reap the benefits tomorrow"
By Voices Member,  Sat Mar 7 2009, 14:27
So sorry the media reports that prices going down. They are.

Falling prices makes it a bad time to buy.

It is that simple.

Great time to rent right now.
By Bull Gator,  Sat Mar 7 2009, 18:03
Amen to the last post. Big layoffs in the Charlotte region and housing prices still very high relative to the national averages. (per Case Shiller) Why on earth would you buy now? Just read an article on Yahoo, with an expectation that national home values will fall by another 10%. If Charlotte is currently 10% higher than the rest of the country relative to where it has historically been, why would you buy now? Just so we are clear, the first three posts are by people who make money when a house sells. Have they ever seen a market where it wasn't a good time to buy? Sit on your money and wait. Unless and absolute steal is in front of you.
By Voices Member,  Sat Mar 7 2009, 18:58
Yeah so uhhhm not that great of a time to buy right now.

CLT is about to get hammered.

Prices going down. Just wait and rent.
By Debbie & Salvador Arriero,  Sun Mar 22 2009, 09:02
It's a great time to buy with interest rates at an all time low. Plus with the $8,000 first-time home buyers credit being offered until December 1st, 2009 - it gives buyers an even better reason to buy now. There's lots of homes to choose from and some great deals to be had. Let an experienced Broker with 20 years of experience help you with your purchase. Debbie Arriero, Arriero Realty, Inc. Charlotte, NC http://www.propertiesincharlotte.com
By Voices Member,  Sun Mar 22 2009, 10:59
It is not a good time to Charlotte. All the Bankers are losing their income, people are moving away, prices ared ropping and will do so for sometime. It is a better time to rent.

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