Three reasons why now is a good time to buy.

Interest rates are at historic lows.
It’s still a great time to take advantage of the historically low interest rates, and you can put down as little as 3.5% to 5% on many loan programs.


Tax advantages of owning a home.
Whether you’re a first time home buyer, a buyer moving up or one moving down, you may qualify for a tax break every year. Interest paid on your primary residence mortgage, (up to the home’s value), and property taxes are typically deductable.

Another great thing is that for most homeowners, there’s no capital gains tax when their primary residence is sold.


Inventory of REO properties.
These are also called Real Estate Owned, Bank Owned, Lender Mediated or Lender Owned properties, and appeal to bargain hunters who have a lot of patience!

2009 Homebuyer Tax Credit

First-time homeowners - read about the new Homebuyer Tax Credit –

The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.

The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability.

If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser

Read more about this at www.woodbridgecondo.com