Hello Folks.
By now you may have heard, interest rates are the lowest they have ever been in history. The government is doing their very best to stimulate the economy and give it a jolt; they are doing a great job!
I have been telling all of my past, current, and potential clients that now is the absolute best time to purchase a home. The same rings true for investors. The folks that purchase a home now and hold onto it for at least five years will reap the benefits at sales time. Everyone that allows this precious time to slip away will look back in the rear view mirror with tears in their eyes asking- WHY?
Talk to your accountant or financial advisor about capital gains taxes. The laws are different for owner occupied property and investment property. In most states, capital gains on owner occupied property are not taxed if certain guidelines are met. I always encourage you all to be informed and to educate yourselves so that you make the proper choices, especially in business matters and when it involves your money.
Most folks that buy right now are going to make a great profit when they sell in the next few years. The home will be bought today at a great price with an unbelievable interest rate, and those folks will make money later. If you are thinking about buying a home, please know that the time is now! Do not sit on the fence and allow these opportunities to pass you by!
I encourage you to read this article about current interest rates. Hopefully it will stimulate you and get you moving! Find a good, resourceful Realtor and go get yourself a deal on a great home!
http://realtytimes.com/rtpages/20081219_rates.htm
Make it an outstanding day!!!
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1 comment:
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