Looking to buy a home? Prices are down, interest rates are near a 45-year low and the supply of houses is high. If you have a stable job and plan on remaining in the area for a few years now is the time to buy. If you are a first time homebuyer and have a contract prior to April 30,2010 you can receive an $8000.00 tax credit. There is a $6500.00 tax credit for qualifying previous homeowners. The high volume of homes on the market and reduced interest rates makes owning a home more affordable then ever. Bank owned properties are available at a greatly reduced market price, but you have to be Pre-approved for a loan and ready to act fast as they don’t last long. Loans are not as easy to qualify for as they were before the down turn in the economy but are still available. With a USDA loan you can buy a home with little or no out of pocket expenses with a lower credit score than required for FHA and Conventional loans. There are programs that can help you increase your credit score in as little as 45 days. Real estate is an investment and the old adage “profits are made when you purchase – not when you sell” definitely applies to today’s housing market. While I can’t guarantee future profits, it just makes sense to buy when you can get a home for less than market value at a low interest rate. Don’t wait until prices and interest rates increase, call 843-834-3027 or email mitchmelton@homesc.com to schedule a free no obligation consultation.

Sellers

You don’t have to be a Builder or Realtor® to know that it is not a good time to sell a home. With the market flooded with homes combined with short sales and foreclosures driving down prices it is hard for most homeowners to profit from their investment. If you can afford to stay put, the market will improve eventually. If you are upside down on your loan than a short sale may be an option. However, it is a long process and banks do not always agree to take the offer you get on the home. If you have a lot of equity in your home and are looking to upgrade it may be a good time to sale based on the savings you might realize on your next home. Or maybe you just want to sale your home and get on with your life. Regardless, I can offer you full service with extensive marketing at a reduce commission that will save you thousands. Call 843-834-3027 or email mitchmelton@homesc.com to schedule a free no obligation consultation and a free Comparative Market Analysis.