Photo Courtesy iStock Photos
Author: Yolanda J. Ash
If you have never owned a home before and have been straddling the fence, now, more than ever, is the time to take that leap into home ownership. Home ownership is often the caveat to many other financial gains. When purchased properly, a home (or investment property), can feasibly be the door to financial freedom.
Although the housing market is in a purported slump, Buyers are in a much better position than they may have been in the past. Simple laws of supply and demand, the Federal First Time Home Buyer’s Tax Credit, and numerous HUD certified housing counseling programs, (which practically guarantee loan approval) are all wonderful reasons to own a home…n-o-w! Additionally, if you qualify for one of the Good Neighbor Next Door community revitalization programs offered by HUD, chances are you can purchase a home for literally pennies on the dollar.
The deadline for the $8,000 tax credit is December 1, 2009. If you want to take advantage of this wonderful government incentive, you really need to get the ball rolling. To be eligible to receive this money, you must close no later than November 30, 2009. Keep in mind, this tax credit is only available to those buying a principal residence; and it reduces your tax bill (or increases your refund), dollar for dollar.
Consider home ownership today. Contact a qualified, knowledgable Realtor today to begin your search for a piece of the proverbial American pie.
