For first time home buyers, there has never been a better time to buy. Right now, every single factor that can be helpful in getting a "good deal" are in place.
- mortgage rates are at an all time low, staying between 4.6% and 4.85%
- lots of homes have been reduced in price so that we are at 2003 prices
- sellers are desperate to make a deal since there home has been on the market a long time and they are feeling pressure
- last but not least, there is an $8,000 tax credit available until April 30th (must be under contract by then, have until June 30th to settle