|
Reasons to move up now Roberto The $8,000 tax credit for first-time buyers makes all the headlines, but that doesn't mean it isn't a good time for all homebuyers to get into the market. Consider, for instance, the move-up buyer who can now purchase a new home that is bigger and better than what they could have afforded just a few short years ago.
The National Association of Home Builders recently suggested the following reasons why current homeowners should consider upgrading to their dream home:
Interest rates are at historical lows - Buyers can get more house for the same amount of money.
Homes are more affordable - Even though they might receive less when they sell their home, move-up buyers will also pay less for their new home.
There are many homes to choose from - With more homes on the market than in the past, buyers have more options and greater negotiating power.
Starter homes are selling - A move-up buyer's current home may no longer fit their needs, but it could be the ideal starter home for another family. The incentive of the $8,000 tax credit, which can be used for transactions closing before Dec. 1, 2009, makes these types of homes even more desirable for first-time buyers.
Posted: May 24, 2009
More Real Estate Blog: This week | Previous | Search archive
|
