There are a few very good reasons to pull the trigger now if you have been thinking about buying Washington DC metro real estate. We all know that property values have dropped in the past few years for DC Metro real estate, however the rate of decline has decreased significantly in the past six months. We cannot predict the future, but this could mean that property values are leveling off and therefore may be free from the possibility of declining even more.
Combined with the fact that property values have already dropped significantly is the fact that interest rates are currently at almost all time lows, with 30 year fixed rates below 5%. It is a guarantee that these rates will not remain this low forever, so taking advantage of a low rate now will lock you into your loan payment for as long as you are in the home/mortgage.
As if these two factors aren’t enticing enough, Uncle Sam has extended the $8,000 tax credit for all first time homebuyers and has offered up to $6,500 for anyone buying a property (not as a first time homebuyer) until the end of April, 2010. This is free money that will come in the form of a check for all those who buy before the deadline.
It is hard to imagine a time where it would be more beneficial for someone to buy a house than right now, so if you have been thinking about it, take the first step and contact a real estate professional today.
There are a few very good reasons to pull the trigger now if you have been thinking about buying Washington DC metro real estate. We all know that property values have dropped in the past few years for DC Metro real estate, however the rate of decline has decreased significantly in the past six months. We cannot predict the future, but this could mean that property values are leveling off and therefore may be free from the possibility of declining even more.
Combined with the fact that property values have already dropped significantly is the fact that interest rates are currently at almost all time lows, with 30 year fixed rates below 5%. It is a guarantee that these rates will not remain this low forever, so taking advantage of a low rate now will lock you into your loan payment for as long as you are in the home/mortgage.
As if these two factors aren’t enticing enough, Uncle Sam has extended the $8,000 tax credit for all first time homebuyers and has offered up to $6,500 for anyone buying a property (not as a first time homebuyer) until the end of April, 2010. This is free money that will come in the form of a check for all those who buy before the deadline.
It is hard to imagine a time where it would be more beneficial for someone to buy a house than right now, so if you have been thinking about it, take the first step and contact a real estate professional today.
