Incentives

How may we serve you, you most blessed buyers you....for those of you who are in the market to purchase, you couldn't have chosen a better time. Perhaps it was not planned, it is simply time for you to stop paying your landlord/lady's mortgage or it is time to increase the nest size or even a job relocation has instigated your move. Whatever it is, lucky you. And if you have been waiting and watching for all the dots to line up, then what a smart buyer you are indeed. For now, interest rates are below 5% for those with great credit and downpayment. Inventory is high so there is a plethora of homes to choose from. Sellers are offering to pay closing costs and builders are offering free upgrades. Both are willing to pay for home warranties, pay for points to buy down your interest rate even further, pay for homeowner's association fees, flood insurance - anything that could possibly sway you to choose their product can be negotiated. They may even pay for spa treatments or house warming parties at this point. And to put the icing on the cake, from now until December 1st, 2009, if you have not purchased a home in the last three years, you can qualify for an $8000 tax credit. Unless you turn around and sell this home within three years, this credit, unlike the previous one, does not have to be repaid. That's right kids, the incentives are boiling over in this real estate market cauldron. What does it take? Before I'm told limo service to showings and red carpet rolled out to the front door, I say forget it. Don't push it, be smart, take advantage of this time and buy now.