Building Wealth with Homeownership

Historically, homes are a solid long-term investment.  For the past 40 years, real estate has delivered the most consistent positive return over any investment.

When you buy a home, you are building equity and adding to your assets.  According to the Federal Reserve Board, the average renter’s net worth is $4,800, while the average homeowner’s net worth is $171,000.

Finally, you’ll see a sizable difference each year when you claim the mortgage interest deduction on your taxes.

Get Off the Fence in 2009!

Prices are right, rates are low and there are plenty of homes on the market NOW.  As the economy improves and more people look for homes, prices will rise.

If you’re playing the waiting game, remember that the market will come back around – it always does – and you could miss your opportunity for a fantastic deal.

Take advantage of today’s market – you’ll be glad you did.  GET OFF THE FENCE AND INTO A HOME!

Up to $8000 First-Time Homebuyer Tax Credit

The American Recovery and Reinvestment Act of 2009 provides for an $8000 tax credit that would be available to first-time homebuyers.

The credit does not require repayment, and it will be claimed on a tax return to reduce the Purchaser’s income tax liability.

If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

It’s a Buyer’s Market

Buyers who are pre-approved have incredible negotiating power.

Financing options are available for those with a steady income and good credit.

Sellers are pricing their homes more competitively.

Lower prices also mean a wider range of options from which to choose in a variety of locations.

Historically Low Interest Rates

Interest rates are at historical lows – lower rates equal lower payments, or a larger home – you choose.

Contrary to perceptions, conventional mortgages are available at favorable interest rates for homebuyers.

Buyers with good credit, a steady income and a realistic view of what they can afford are excellent candidates for a mortgage, even in this market.

Unprecedented Incentives for New Homes

Builders are offering unprecedented incentives for new homes such as flooring upgrades, new appliances, and discounted financing.

Don’t just dream about purchasing a home; make your dreams a reality.  Right now is the right time to “Get Off the Fence!”