BUY by April 2010 - Or You'll Regret it!!!

THE TOP 3 REASONS WHY TO BUY BY APRIL 2010

(So important, I only needed 3 Reasons!!)

GREAT NEWS!! Current market conditions have made it an ideal time to purchase for both first-time and trade-up buyers! If you have the means and the desire to buy, you should do it by Spring 2010!...Or else you’ll be kicking yourself, because you aren’t going to have such a great opportunity again anytime soon.

Here are 3 reasons why you’ll regret not buying your new home by April 30 2010.:

1. You won’t receive a sizeable amount of money from Uncle Sam.

For the past two years, the federal government has offered a home buyer tax credit to help stimulate the economy. But that financial incentive is set to expire very soon. First-time buyers who aren’t under contract to purchase a home by April 30, 2010 will leave the $8,000 available to them through the tax credit on the table. Meanwhile, repeat buyers will miss out on the opportunity to collect up to $6,500 from the government.

2. You might not get locked in on the historically low interest rates.

Thanks to measures taken by the Federal Reserve, including the purchasing of mortgage-backed securities, interest rates have remained historically low for several years. With the economy beginning to show signs of recovery, it is widely believed the government will soon put an end to these stimulus efforts.

If this happens, many economists believe we will begin to see a sharp increase in interest rates, which could result in a much higher monthly payment for those who wait. For example, an interest rate increase of 1% on a 30-year fixed mortgage of $300,000 could cost a buyer $188 more a month or $67,000 more over the span of the entire loan. Don’t miss out on these once in a lifetime rates!

3. You’ll miss out on record home price affordability.

Home price affordability is at its most optimal level in decades. As a result, those who wait to buy will likely pay more for the home they purchase after April 2010 than what the same home would cost right now. In fact, home prices have already begun to rise slightly in some markets. Instead of getting a better bargain, waiting to buy a home might net buyers a higher purchase price, less appreciation and less house for their buck. Don’t waste your money!!

There is no time to waste for anyone who wants to take advantage of this great buying opportunity!!!