A few people have asked me the question why should I buy right now?
Here are reasons why it is a good time to buy:
- Interest rates are really low (5.25%.) They were a little lower last month but these are still great rates
- Number of homes on the market
- Number of motivated sellers. Either paying two house payments, facing foreclosure, moved to a new house or different city
- If you are a first time home buyer-How about a 8k tax credit. Most are approved for this FREE money that you DON’T have to pay back.
- Knowing that you are helping the economy and helping someone that needs to sale their home
This are just some highlighted reasons for buying a home right now but I understand every situation is different. There are still programs out there that you will need minimal down payment to buy a home. FHA loans need 3.5% to put down. There are some housing programs that will get you a 3% down payment where you will have to only put down a 1/2%.
Call or email me for a FREE consultation to see if now is a good time to buy. Most people plan at least 6 months before buying their home and sometimes we need to get a game plan together to get you on the right path of home ownership. For all of your Birmingham Alabama real estate needs contact Gusty Gulas with RE/Tec Brokers at 205.218.7560 or email me at gusty1305@gmail.com.
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