Great news. The First-time Buyers tax credit has been extended and expanded. Read this article for details: http://money.cnn.com/2009/11/06/real_estate/tax_credit_extended/
FYI: A first time buyer is anyone who hasn't owned a home in the last 3 years. Additionally, the new credit was expanded to include current owners, that wish to "trade up." First-timers can qualify for up to $8,000 and existing owners can qualify for up to $6,500. This is a refundable credit that would put money in your pockets.
Let's recap: Is now a good time to buy a home? ABSOLUTELY. Interest rates are at historic lows. Uncle Sam is GIVING money as an incentive to buy. It's a Buyers market, which mean market conditions favor buyers and not sellers. What more could you ask for? Don't answer that. Just call me if you're planning to buy or sell, 443-538-1631. I can help you navigate this market.
Thanks for reading my blog. Happy Holidays & happy househunting. Check the next blog. Peace.