The time to invest is NOW!

Attention Real Estate Investors!
There a couple of really good reasons to think about buying a property right now.

The first time buyer tax credit will expire soon. First time buyers need to have a signed agreement of sale by the end of April and must close by the end of June in order to qualify for the $8000 credit from Uncle Sam.  That means rehabbers will need to get their homes ready for market very soon if their target market is the first time purchaser.  Another factor is that there are pending changes to FHA that will require buyers to put more money down and also will reduce the amount of the sellers assist from 6% to 3%.  Investors that can move quickly can take advantage of the current buyer advantages that are about to disappear.

Prices are low!  There is an increasing number of attractively priced homes coming on the market. This is due to large number of foreclosures (HUD homes) and an increasing number of frustrated landlords looking to get rid of their troubles.

The bottom line is that there are motivated buyers and sellers out there.  This is an excellent time for the smart investor to make a move.  I have worked with many successful investors and would welcome a chance to discuss the current market conditions with you. Get in touch!

Share

Comments