Like many Americans and many people around the world I am excited by the hopeful feeling our new President brings with him. I am excited about the prospects of how many new first time buyers opportunities there are. Prices have come down to a point that paying rent may not actually be worth it anymore. Great tax incentives for first time buyers like the $7,500 tax credit, that is about to expire in June 30th, 2009, make this a great time to get you feet wet in the real estate market. For more information on the credit go to http://www.irs.gov/newsroom/article/0,,id=186831,00.html. Other credits like the interest reductions and property tax write offs can actually making owning a home less expensive than you can imagine. This year while you are doing you taxes ask your accountant about the benefits to you. Reduced prices, new hope, tax credits and write offs; give this market a whole new feeling.
Of course there are many pitfalls new buyers can get trapped into. The market is full of what appears to be great deals, which end up being a not so great deal. Only a trained, experienced real estate agent or an experienced real estate investor can navigate you around these obstacles. Here is a great article about some blunders first time buyers can fall into. http://www.usnews.com/articles/business/real-estate/2009/01/07/5-top-blunders-of-internet-home-buying.html?PageNr=2.
For more information on how my partner and I can help, or if you would like to search the internet for a property go to our web site at www.ericbenz.com.
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