Charlotte Buyers Agent, Financing, Home Buyers, Investors, tax credit

Did You Miss the Home Buyer Tax Credit? Reasons Now is the Time to Buy!

The deadline for purchasing a home for the home buyer tax credit passed us by on April 30, 2010.  Buyers have been given a bit of extra time to close on these properties because of the recent bill passed by Congress.

But if you did not jump on the home buyer tax credit train in time, there are still plenty of great reasons to purchase a home in our current market! 

Interest rates are currently at a 50 year low!  In many cases around Charlotte, buyers are able to purchase homes with less money per month than they currently pay in rent.  Even if you currently own your own home, now is a great time to transition into your next home.  With interest rates this low, payments on a larger home are often the same as your current home.  Whether you’re upsizing or downsizing, the savings can be tremendous.

Currently in Charlotte, we are in a buyer’s market.  If low interest rates are not enough to convince you to buy, consider the fact that many homes are currently on the market in Charlotte for unbelievably low prices.  Many times the owners of these homes are very motivated to sell.  This means a great deal for prospective buyers.

Last, consider the tax benefits of owning your own home.  With the suggestions above, you can currently buy a home in Charlotte at a great price, with amazing financing, paying less than you’re currently paying in rent, and at the end of the year you get to reap the benefits of owning your own home.  The ability to deduct mortgage interest and property taxes is icing on the home owner cake.

So, don’t be discouraged if you missed the home buyer tax credit, there are still a ton of exciting reasons why you should buy a home in the Charlotte area.

If you have any questions about the Charlotte Real Estate market or would like help finding the perfect home, don’t hesitate to give me a call!