2008-09-01
Renters, It’s Time
Is it time to find your own space? The housing market is showing increasing sales, homes are on the market for fewer days and values in Georgia are rising. Many renters are deciding to satisfy the mission to imporve their life by purhcasing their first home such as Vy Bui, 25, a consultant. “I decided it was time,” she says, “I knew a condo would be right for my lifestyle, and while I wanted something new, I was open to seeing whatever was available in my price range.”
In addition to the market changes, now the federal governement is offering a tax credit up to $7,500 for first time buyers. National Association of Realtors President Richard F. Gaylord, talks about the housing stimulus bill. “We hope the new tools in the hands of home buyers from the recently enacted housing stimulus package will spark a sustained sales uptrend in the months ahead,” he said. “Buyers who’ve been on the sidelines should take a closer look at what’s available to them now in terms of financing and incentives.” Prosects in the market are already using the tax credit in creative ways, for an upcomming wedding, furniture, or as a car downpayment.
Those tenants still refusing to give up renting should reconsider. The excuses that renting is good deal or just being nervous about commitment can not override the tax and financial advantages that investing in yourself can bring. If you have a stable job and are comfortable with an area you would like to live then why delay any longer?
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