Top 5 Reasons to Buy a Home in this New Jersey Market

Having in the real estate business for several years now, I have seen several changes in the market that make buying a home the smartest investment one could make at this specific moment. Here are my top five reasons to buy. I could list 10 reasons, but if you are not excited by the top 5, reasons 6-10 might not excite you.

1. It is cheap to borrow money. Most resales are financed through mortgage dollars. Just this past week rates opened up at 5to 5 1/2, which is the lowests they have been in the past 4 years. If it is cheap to borrow money you can afford more house or buy the same house for less money monthly.

2. You are in the driver seat. The market conditions favor you. Most sellers are only getting one opportunity to sell; one offer and you have the ability to choose from a wide array of properties: New construction, resales, short sales, banked owned (REO), Rehab properties. You have your pick of the litter and now more than ever sellers are more willing to negotiate. But, be aware that homes that are priced right are selling fast. Ask me how i can put you in a position to great a great deal.

3. On top of getting the pick of the litter, being able to negotiate, buying homes at a sunstantial discount, if you are a first time home buyer, meaning you do not presently own real estate or have known real estate in the immediate past three you, you can qualify for a tax credit of up 10% of the home’s purchase price to $7500. Tax credit applies to the year you purchased the home and can be repaid over the next 15 years or from the proceeds if you decide to sell before then. It’s almost too good to be true. It is a no-interests loan from the government but it has an expiration date. You have to close on or before 06/30/2009 to benefit to exercise this credit.

4. So, let’s recap. You can borrow money at low, low rates. You have lots of properties to choose from. You might be able to negotiate and even ask for more than just the house like the appliances, furniture, closting costs, and a closing date of your choice; you might qualify for a tax credit and you have an opportunity to buy a home at 12% or maybe even an 18% discount from years ago and their are less qualifed buyers in the market making you a hot commodity. So what on earth would be reason 4? Well, if you are renting now, you could theorically pay something similar monthly in rent as you would mortgage, except as a homeowner, you’d get tax deductions form annual interest paid and taxes.

5. Finally and more importantly, you get a chance to live the American Dream. Peace of mind is priceless. Imagine having parking when you come home. A driveway, garage, basement for storage. A backyard for Summer fun and BBQs. Imagine being able to have a pet and not have to pay a pet deposit. Imagine have a home threater system, a game room, a home office, a privacy fence. Imagine having the Holidays at your house. But don’t imagine it. Live it. Call me now for a free buyer’s consultation. We are a one-stop shopping, full service brokerage. Not only do we have the ability to find you the house of your dreams, but we can help you find financing, insure it, protect it with a home inspection plan, do your title search, change your locks, clean up the house after the old owners leave, connect your cable, phone lines, transfer over your mail. . . We have it all at Weichert, Realtors. With over 40 different service partners, we aim to make your home buying experience as carefree as possible so that you sleep better at night. Call me now for a free Buyer’s consultation and let’s get the ball rolling. 973-715-6210.

Angie Perez