Thu, 12/04/2008 - 6:07pm
It is a great time to buy now and here are a few good reasons: Large Selection of Homes.Â The number of homes for sale is at a 15 year high.Â There are many to choose from in every price range to suite your lifestyle. Low Interest Rates.Â Mortgage rates are at a historical low for buyers who qualify. Reduced Prices.Â Buyers who earn the median income of $51,500Â can qualify to purchase one of the more than 8,500 homes in Orange and Seminole Counties. Negotiate.Â Today the sell price vs. the list price ratio is about 93 percent.Â You can make them an offer they can't refuse. No Bidding Wars.Â Homes are realistically priced to sell.Â When you find the perfect home, act on it and don't miss out on it. Homestead Portability.Â Florida homeowners that have accumulated Save Our Homnes (SHO) benefits are now allowed to transfer this savings to a new homeÂ residence. Tax Exemption Increase.Â The Amendment One exemption increased from $25,000 to $50,000 which lowers the taxable value of your primary residence. $7500 Federal Tax Credit.Â First-time home buyers have a significant financial incentive to explore the opportunities available in today's housing market.