| The American dream is to own your own home. | | | | these reasons have produced a saturated |
| Unfortunately, many people do not realize that | | | | market, meaning there is a huge inventory of |
| they actually can afford to own their own place, | | | | homes for sale at all different price points. This is |
| especially today. The real estate conditions today | | | | known as a buyers market, where the buyer can |
| makes it the best time to buy your first home | | | | be more selective in getting a home for the price |
| with a Lemon Grove real estate agent or a Spring | | | | they want and under the conditions they may |
| Valley real estate agent than ever before. This | | | | need as well. This is one reason why you should |
| article will point out the reasons why you should | | | | consider buying your first home. You can get a lot |
| bite the bullet and buy your first home and how | | | | more house now for a lower price. |
| the pros for doing so will outweigh the cons. | | | | Another reason to buy a home now for the first |
| Currently, the residential real estate market is | | | | time is that the interest rates are at a all time low |
| struggling due to a poor economy and | | | | for buying a home. This is something that you can |
| homeowners that took out home loans that they | | | | lock into for a good thirty years at a fixed rate |
| could not afford by irreparable lenders. There are | | | | mortgage. Why not get one that is lower than it |
| more foreclosure properties for sale as well as | | | | has ever been before and enjoy it for the next 3 |
| homes selling in what is called a short sale. These | | | | decades? Another reason to buy your first time |
| can result in some great deals for a first time | | | | home from a Lemon Grove real estate agent is a |
| homeowner. A property that is a foreclosure | | | | new financial benefit that President Obama has |
| property means that the owner of the home | | | | given to buyers. If you buy your first home now |
| could not afford to pay the mortgage anymore | | | | from a Spring Valley real estate agent , the |
| and so it is now owned by the bank, not the | | | | government will give you an $8000 tax credit for |
| person that bought it. Sometimes these | | | | doing so. Being a homeowner provides you with |
| properties are also known as bank owned | | | | many benefits. Owning a home typically increases |
| properties. A short sale is still owned by the | | | | with value over the years whereas renting a |
| owner but the sale price is less than what is owed | | | | place is like spending money to live with no added |
| on the house. This is for the owner that needs | | | | benefit. With all of the lower rates and benefits |
| urgent help in a financial crisis. There are also | | | | now offered to the first time homeowner, you |
| people that have lost their jobs and are | | | | can probably spend the same amount per month |
| downsizing to be able to afford this setback. All of | | | | as your rent but instead own your home. |