Buyers! Attention!!!!!!!!

Do you realize this is a buyers market! Despite what the medias been saying, this is a great time to buy. Here's why:

• You need a place to live-why put money every month into your landlords pocket when your mortgage payment could actually be building equity in the place you live! Let's use a hypothetical example: Let's say your mortgage payment is $1,300 a month, $900 of that goes towards interest, $200 towards taxes, $50 towards insurance (by the way you have to have insurance as a renter anyway) and $150 a month goes towards lowering your balance owed! That's called equity. When you go to sell you could actually get something back-the equity! In one year you could have over $1800 in equity!
• When you own a home you get to write off on your taxes things like interest & real estate taxes you paid on the loan for the year (payment is $1,300 a month-$900 of it goes towards interest & $200 towards real estate taxes-that's $14,400 a year you may get to write off!) (you're kidding!). When you rent, you pay $1,300 a month and you get no tax write off! All that money is going to the landlords mortgage and guess what!? He's writing your money off on his taxes!
• Take advantage of the first time home buyer programs that are out there! Who knows how long they'll be available! There's programs with incredible interest rates-lower than what you hear about on the news (they're only for 1st time home buyers), with fixed interest rates for 30, 35 and 40 year mortgages! Plus, there's even programs (that if you qualify for them) that may even give you closing help!
• Sellers are offering money!!! Yes, they want to sell, now! And they'll pay you to buy their house! Wow! Depending on the loan program you may be able to receive as much as 6% (most sellers will be more than happy to do 3%) of the sales price in closing help! On a $300,000 house that's $18,000!
• Sellers are willing to negotiate! If you have some or all of the money-don't ask for the closing help, or only ask for a portion and guess what-there's a good chance the seller will take less than asking price! But be real-if the seller has the home priced properly, take that into consideration. If they've just dropped $25,000, and the numbers are showing they are priced right, there's a good chance they may not be as negotiable as you want them to be.

And remember-the media is eating up this stuff. According to them, it's raining all over the country! It's not (not at the moment-at least outside my window)! They're so busy talking about all the doom and gloom (just like the stock market), that they're not going to let you know it's time to buy until it's too late (and guess what we're going to hear then? You should've bought! Prices are going up- at record paces! Is it to late for generation x to buy a house? What does a buyer do now-interest rates are high and all the programs are gone!?)-and at that point all these wonderful programs, and sellers help, will be gone!

So what are you waiting for! Pick up the phone, and get started today!