My top 5 reasons to take advantage of the current market conditions.
1. The $8000 tax credit (a.k.a. the 10% of the sales price tax credit) First Time Buyers can get a credit ~ real cash back on their taxes if they buy before November this year 2009. Ex: A $250,000 purchase = $2500 back on your taxes.
2. Low Interst Rates = more buying power and lower monthly payments. Don't wait for inflation to kick in and rates to jump up.
3. More inventory to choose from.
4. Motivated sellers ready to negotiate.
5. Pricing/value ~ nuff said.
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