| 6 Steps to Taking Advantage of the Buyers Market | |
Written by Chris LaGarde - Buyer Specialist
"Right now is the best time in 30 years to buy a home." That's a pretty incredible statement. Even more power when you find out that David Bach, the author of seven consecutive best-selling books, including two consecutive No. 1 New York Times bestsellers, "Start Late, Finish Rich" and "The Automatic Millionaire" recently said this while being interviewed. And it's absolutely true. When you combine the historically low interest rates with the fact that the Affordability Index is at 18%, it really is the best time in 30 years to buy a home.
So, you pay $1000 a month in rent, or more, you have some money in the bank, you have a good job and you have a VAGUE idea that maybe you should buy a home, and you know it's a good time, but are not sure what steps to take. Here is your answer. We have compiled 6 easy steps to take advantage of this incredible Buyer's Market.
Step 1: Schedule a consultation appointment with a Home Buyer Specialist
- A Home Buyer Specialist will listen to what your unique situation is, help you determine what the most appropriate next steps are for you, as well as bring the entire process to light. They're there to be your "Real Estate Coach" and help you through this entire process. It will put an expert on your side that will be able to answer all the questions you have.
Step 2: Complete a Pre-approval application
- Guessing at your financial ability to secure a loan is not a good idea. Especially when you can complete an application online, that will COST YOU NOTHING, and not obligate you to ANYONE. It is easy and takes 5 minutes and it will give you a crystal clear picture of what type of loans you qualify for and what you can afford.
Step 3: Read "Your First Home: The Proven Path to Home Ownership".
- This practical guide, drawn from the real-life experiences of hundreds of thousands of first-time home buyers, provides proven principles and guidelines on how to actually buy your first home. A must read for any first time home buyer. Learn how to get this book for free!
Step 4: Get Educated on the market
- After your consultation with your Home Buyer Specialist, they can help educate you on all the important market statistics you will need to know in order to make a good decision on buying. In addition, as you see homes that meet your criteria, your Buyer Specialist will help you understand what constitutes a good buy or good value , and what does not.
Step 5: Have your Home Buyer Specialist find you the RIGHT home.
- After your initial consultation, your Home Buyer Specialist will have a very good idea of what you are looking for in a home, and can save you hours, days, weeks and even months of looking at homes that don't meet your needs. They should have an intimate knowledge of the market place and will be able to quickly weed out the homes that will waste your time and that you don't need to see.
Step 6: Take advantage of the $8000 tax credit
Once you purchase your new home, as long as it is before December 1st 2009, you can claim up to an $8000 tax credit the next time you file taxes. Your Home Buyer Specialist can help you determine if you qualify. What can you do with $8000?
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