The End of the Decade of "Uh-Ohs"
January 11, 2010
I recently read an article that referred to the years of 2000 – 2009 as not just the “Ohs” but the “Uh-Ohs.” I found this humorous in a tongue and cheek sort of way. While we learned a lot about how things can go wrong, we now have the opportunity to start a new decade by learning from our mistakes. It’s always refreshing to start anew, to go forth with optimism that things will improve, isn’t it?
One thing you don’t want to miss is the opportunity to buy a home, and this year the reasons to make that decision NOW are crystal clear. Home prices have hit the proverbial bottom and will begin rising. Rates are already beginning to show signs of increasing, so waiting for a lower rate is no longer an option. The IRS tax credit* mentioned in the last blog will only be available until April 30th for home purchase contracts. If you want your personal piece of the stimulus, you should already be shopping for your new home!
You sure don’t want to look back this summer and say, “uh oh, I should have bought a home before______.” You can fill in the blank, but you get my drift.
Today is the best day to begin the homebuying process. Call one of our Mortgage Consultants to find out what you can do to optimize your homeownership benefits before it’s too late to avoid an “uh oh” moment.
*Clients should consult a tax advisor for more information on how the tax credit will impact them. Tax laws are complex, and we want clients to be well informed before making the decision to purchase a home.
Posted by Pam Woodall
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