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Now is the time to buy. Even for those people who thought they would never own a home, South Florida is now a more affordable place to live.
A few reasons why:
Prices are incredibly low, the lowest we’ve seen in years, and we can’t time the bottom so there is some urgency that goes along with these deals.
Although a bit more difficult to secure these days, available loans are still out there and interest rates are very low, the lowest we’ve seen in 5, 10, 15, 20 years.
The government is offering incentives. For example, the $8,000 first time home buyer tax credit, that now has no repayment feature. (I can give you more details about this-see below).
Inventory is plentiful. There are tons of choices in every price range so you can choose a home with all of the features you want or start from scratch and add all of the personal touches that fit your lifestyle.
Purchasing a home is a great investment, studies show it improves your quality of life and affects the entire family in a positive way.
For more information on any of the items discussed here or if you have any other real estate related questions please give me a call at 305-329-7744 or sign up on my website for more information.
I advise you to take advantage of this unprecedented time in real estate; these ideal conditions won’t be around forever.
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