In order to take advantage of the Home Buyer Tax Credit, you must be under contract by April 30, 2010 and you must close by July 1, 2010.

Additional financial incentives are being offered by Fannie Mae, the largest U.S. finance company.  If you purchase one of their foreclosed homes, they are offering up to 3.5% in closing cost assistance.

There has never been a better time to purchase a home.  Call me today to get started!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.