For anyone "on the fence" about buying a home, its important to know that this is an unprecedented time in history in terms of opportunity.
First, interest rates are at 20 to 30 year lows, depending upon the type of loan. Second, home prices in our suburban NYC markets are at their lowest since 2003, at between a 20-40% lower price than the peak of the market in 2005-2006. Third, the US Government is offering an $8000 tax credit for first time homebuyers AND a $6500 tax credit for any homebuyer who has lived in their home for at least 5 of the last 8 years.
If you have solid employment, and income/credit that qualifies and you have been thinking about buying, but have been "on the fence", or waiting for prices to come down it is hard to imagine conditions improving any further for making a home purchase. Even if prices go down, if the interest rates go up, and the tax credits expire, how much have you really gained by waiting?
Call us today for a free buyer consultation by phone to discuss your options! You might be surprised at the opportunities you have!