subject: Is Now A Good Time To Buy Willo Historic Homes [print this page] Willo Historic Homes have long been a great addition to any real estate investor's portfolio, or to anyone in the market for a home. Phoenix has a number of historic homes available for sale, and those in the Willo area are among the best. But with the recent downturn of the housing market, and the lack of confidence that seemingly everyone has in the economy, historical real estate of any kind begs the following question: Is now a good time to buy? Obviously, the answer will change depending on the property, but when you look at the more specific question of whether now is a good time to buy Willo Historic Homes or not, the answers become pretty clear.
Historic Tax Breaks
If you like the idea of the government actually helping you to fund renovations through generous tax breaks, then you may want to buy a Willo home. Thanks to the Mills Act, the City of Phoenix offers tax incentives for those who purchase a historic home. While the standards of classic architecture must still apply, a buyer can save quite a bit of money in taking on the renovations thanks to the government's initiatives to encourage real estate investment. With that in mind, isn't buying a home in the Willo area and getting significant discounts on renovations a better idea than handling it all yourself?
Buy Because of the Market
While no one can deny that housing is in a crunch and has been since 2008, there have been too many signs of life for one to assume that buying real estate in this environment is a bad idea. If anything, the current state of affairs means that you should be buying up whatever you can afford, and the Willo historic homes are some of the more affordably priced. Being able to get one of these great homes now, take advantage of the tax incentives that are currently out there (but may not be later down the road), and ride the value back to the top when the market recovers, are some of the best moves that you can make.
Find an Experienced Agent
After you have decided to buy a Willo home, the next step in your journey needs to be finding the right real estate agent. Since there are many legal matters to attend to on the tax benefit side, you want someone, who is trained in dealing with it all, and someone who can explain it to you in terms that don't require a lecture from your tax accountant or a lawyer. Real estate agents, who are experienced in selling historic homes, will be able to help you find the perfect solution for your home buying needs, when you are ready to move forward.
