| Chances are, if you are a potential first time | | | | to the rescue of the first time homebuyer to |
| homebuyer you are looking at the market and | | | | make the process easier. The more these |
| the incentives and are ready to take advantage | | | | companies can inform the first time home buyer |
| of them and become a first time home owner. | | | | of the options that are available and what they |
| There are many areas that are facing | | | | are able to do the more the market will begin to |
| depreciation and these locations offer some great | | | | recover and thing will maybe not get any worse. |
| incentives to buy. Take note, this is not happening | | | | If you have been thinking of buying your first |
| everywhere. Some places, such as Seattle, | | | | home sometime in the next 5 years this would be |
| Atlanta and Dallas are not depreciating like the | | | | the ideal time to take advantage of the |
| areas of some parts of California, Florida and | | | | programs, incentives and the buyer's market and |
| Arizona. | | | | buy your first home now. |
| In the areas facing depreciation it is not | | | | Stop Waiting? Buy Now! |
| uncommon to find homes that once were selling | | | | There are a lot of websites that can help point |
| for nearly $450,000 last year to be on the | | | | you in the right direction and answer questions |
| market today for a hundred grand less, and still | | | | you may have. If you are ready to buy it will |
| not selling. It is also not uncommon to find the | | | | probably benefit you to go ahead and buy now |
| homes that are selling are doing so at around | | | | rather than wait. There are a lot of buyers that |
| 70% or less of the homes appraised value | | | | are concerned about the timing and want to time |
| because it has taken so long to sell. Many of the | | | | their purchase to the time when prices drop to |
| homes selling today are actually selling for less | | | | their lowest point. |
| than what was originally paid. This is a pretty good | | | | By then the opportunity to buy a new home may |
| argument as to now being the ideal time to buy | | | | be too late or the competition too high. It is |
| that first house. It is actually easier to buy a first | | | | better to look around for the right home, look at |
| home today than simply buying a different home. | | | | the neighborhood and get a feel for the housing |
| This is because the first time home buyer does | | | | market in the area. While doing this continue to |
| not have to sell a home first. Additionally there | | | | build up your funds and your down payment and |
| are a lot of incentives available for the first time | | | | talk to lenders and real estate agents to help you |
| home buyer. | | | | decide the time to put a bid on a house. Trust the |
| Finding affordable and quality homes as well as | | | | lenders and agents to give you the advice you |
| finding the right incentives and programs can be | | | | need when you are ready to buy a home at a |
| difficult. Many realtors and companies are coming | | | | price you are comfortable with. |