Should You Buy a House Now?

Is it time to buy a house? There is one of the largest selections of homes on the market today, larger then there has been for a long time. With this big of a selection you can find homes in many locations. With a selection like this you can find a home with features you want in a place you want to live. You have so many possibilities to upgrade or buy your first home.

First time home buyers or existing owners have an excellent opportunity to get paid to buy a house. If you are in the market to buy a home now is the time to make that big purchase. With an $8000 tax credit for first time home buyers or $6500 tax credit for existing home owners it is a great time to purchase. This credit is only in effect until April so you might have to act quickly.

It is a seller driven market right now. There is a greater supply then demand on houses in almost all parts of the country. Home prices have dropped drastically and there is still room to bargain. The forclosure rate is extremely high and with all these homes on the market the price is driven down farther. People are trying to get rid of their homes at any price sometimes.

Interest rates are still very low. If you can lock in on a mortgage today you will save alot of money on interest. It is eventually going to go up so you can not wait for ever. When you can get a 30 year mortgage for under 5 percent interest it is time to act.

All points look like it is a perfect time to buy a home. Interest rates look good, you get a tax credit, and a better house at the same price as an average home a couple years back. Do your homework and see if buying a home is in your budget. It is a super time to make this purchase.

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