Now Is A Great Time To Buy A Home

Where Do You Want To Be When The Economy Revives?
Don’t Miss Out on This Historic Opportunity!

Nevada County real estate is currently going through a “buyers market” phase—a period when there is an abundance of homes for sale and home prices are lower than they have been for many years. Concurrently, this buyers’ market phase is also experiencing near historic low interest rates and a generous Federal tax incentive (expiring April 30!) for first time homebuyers and current homeowners looking to purchase a home. With all these conditions in rare alignment we believe now is one of the best times in recent history to purchase a home! With this in mind, here is some valuable home buying information that every home buyer should have.

Don’t Try to Time the Market. When home prices are lower, it is very tempting for potential buyers to try to wait as long as possible in the hopes that prices will decline even further. This strategy can be detrimental because when there is high inventory, smart sellers price their homes properly, not according to past sales but according to current conditions, so their homes will sell in a timely fashion. Once a home is priced to what the current market will bear, buyers will make offers.

Shop Around. But Don’t Wait Too Long. The National Association of Realtors reports that homes are staying on the market for several months. Recent increased inventory gives home buyers a great opportunity to compare homes that meet their needs. However, this does not mean that home buyers should procrastinate. If you find a house you love, put in your bid and negotiate. Don’t provide an opportunity for another buyer to make an offer.

Tax Credit Incentives. It may seem like a challenging time to enter the market. However, recently passed legislation that extends and expands the federal home buyer tax credit until April 30, 2010 can give potential and existing homeowners just the economic break they need. A first-time home buyer may qualify for up to $8,000 in tax credit and a current homeowner may qualify for up to $6,500 in tax credit. Hurry – you must have a written contract in place by April 30 to take advantage of the tax credit.

We’re doing nearly twice the business of our closest competitor in Nevada County! Quite simply, we think it’s time to get moving again. We’d like to talk to you and explain exactly how the current real estate market can be made to work in your favor … now is a great time to buy a home. Call us today!

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