The Advantages Of Home Ownership: Why Real Estate Continues To Be A Good Investment

The Extended Homebuyer Tax Credit Makes the Buyers Market Even Stronger

Everyone is talking about the number one reason buying a home makes sense this year: the first time homebuyer tax credit! But the tax credit extension signed into law in early November offers even more incentive to buyers. Now, not only first time homebuyers benefit, but also any individuals or families looking to purchase a primary residence can participate.

According to IRS.gov, "Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return."

First time homebuyers continue to receive an $8,000 tax credit, while homeowners planning to purchase a "replacement principal residence" can claim a tax credit of up to $6,500 or up to $3,250 for married individuals that file taxes separately. IRS.gov confirms that existing homeowners must have lived in their previous home for a minimum of 5 consecutive years

Low Mortgage Rates Create Real Estate Opportunities

In addition to the extended federal tax credit, interest rates are still below 5%, which makes now a great time to buy a home if you qualify. People can afford to purchase a larger home than they could have in the past, thanks to today's low mortgage rates. This is one of the positive results of the current economy. If you want the chance to purchase a home you couldn't have 4 years ago then now is the time to buy. This also makes buying rental and investment properties much easier. There are better deals to be found on both residential and commercial real estate across the country.

Educated Decision Making Equals Real Estate Success

Real estate has a proven history of being a good investment. If you're looking for a stable ROI, real estate is a wise investment in the long run. In more difficult economic climates there are some things to watch out for in real estate. First, don't believe whatever people tell you. Take the time to learn about how the market works and seek the advice of an experienced real estate agent. Don't just believe in what you hope is true, get the facts from an experienced real estate professional. Second, deal with the reality that the days of flipping houses are over for a while. Right now a long-term investment of at least 3 to 5 years is best for most buyers.

Making Dreams of Home Ownership Come True

The most satisfying experience in real estate is being a part of the process and helping buyers and sellers achieve success. A great real estate agent loves the feeling of a job well done and knows the value of taking the pressure off individuals and families during the transaction. A great real estate professional recognizes that the key goal for all parties involved is the completion of the sale. You deserve a real estate broker that treats your family and loved ones as they would treat their own and invests in your success. This level of service ensures you will reach your goals.

by: Nora Hall

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