Tuesday, March 30, 2010
Opportunity is Knocking! Don't miss it!
Everywhere you go all people want to do is talk about all the bad stuff in the world! Ugly politics, Inflation, Money lost, Jobs disappearing, it really can go on and on. The Real Estate market alone can consume hours of useless chatter around the water cooler. Let's try a different approach.... How About Only Talking About What IS Good! The conversations may be shorter, but will definately be uplifting. An early spring, baseball starts soon, a great Final Four, proms, weddings and all the rites of Spring. Here is another topic! Real Estate! YES REAL ESTATE! it is a double edged sword! There is all the bad stuff...(which we will not talk about), but what about the good side! Yes, there is a good side! There are so many investment possibilities for young home buyers, investors, and even possibilities for those that got rocked (maybe they can start to rebuild a portfolio, heck they did it once before, why not again.) There really are some very good buys out in the market. HUD, FANNIE MAE, FREDDIE MAC foreclosures can be quite lucrative over time. Add in the Tax Credits for the qualified buyers (which only last until April 30, 2010) and the deals even look better. I do not understand why more people are not taking advantage of the market. Money is cheap to borrow (current rate BELOW 5%, CHFA BELOW 4.25%...100% FINANCING, FHA 5% 3.5% down payment) For you first time buyers there is still the $8000 Tax Credit and for the current owners that qualify there is a $6500 Tax Credit for accepted Contracts prior to April 30, 2010. All homes must close by June 30, 2010. Don't let all the negativism out there pull you down. If you are in a secure position in life and thinking of improving your housing situation, Now Is The Time To Act!
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