News Byte: "Coulda, Woulda, Shoulda"
So long, farewell to the Home Buyer Tax Credit... but it's still a great time to buy a home... probably the best time ever! If you have a home under contract prior to April 30, 2010 then you may still be able to take advantage of the tax credit.
But if you're in the market for a home and you didn't get a chance to capitalize on the tax credit all is not lost. With property prices already low and staying relatively flat combined with truly historic low interest rates, a home buyer can capitalize on the best of both worlds. Rarely is there a time when both housing prices and interest rates are this low at the same time.
Buying a home now can save you 1000's as opposed to buying later. Why???? Because when interest rates move up a 1/2% to 1% that can increase your housing payment by $300 - $400 per month or more depending on your loan amount, not to mention the additional cost of housing when prices begin to move up. So take advantage of the market while you can instead of later saying, "Coulda, Woulda, Shoulda."
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How Long Will it Take To Sell My Home
Determining the value of your home is one thing, but how long it will
take to sell it is another. With the inventory of homes available so
high, buyers have many to choose from which can often mean that it will
take longer for a homeowner to sell their home than expected. Buyers
typically look not only in a specific neighborhood, but rather a section
of town that accounts for their commute distance to work, schools, recreation,
churches, shopping, transportation, and comparable home prices.
In order for you to know how long your home will be on the market you
need to know statistics that determine the absorption rate of homes in
your area. To find out how long it will take to sell your home fill out
the form below and submit:
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