It's a great time to buy a home!

Below are seven reasons to buy a home:

1)First time home buyers are eligible for a non-refundable tax credit of up to $8,000. This applies to Consumers deciding to move who have owned their principal residence for five years or more are eligible for a $6,500 nonrefundable tax credit. This is good until April 30, 2010. Talk to your tax person about this great opportunity.

2)Most housing markets have declined dramatically. You can get homes for half of the prices they were selling in 2005 and 2006. I have heard of homes selling for as low as $500.00 in some places. What a steal!

3)Great Interest rates. Talk to a lender about this.

4)Great loan programs. Loans with as little as 3.5% down. Talk to a lender to get additional information.

5)Great time to buy an investment property. People that have lost their homes need a home to rent.

6)Home ownership is a superb tax shelter and our tax rates favor homeowners. As long as your mortgage balance is smaller than the price of your home, mortgage interest is fully deductible on your tax return. Interest is the largest component of your mortgage payment.

7)It's making an investment in your future.

If you are a first time buyer , it can be very scary. If you are thinking about buying a property for investment but don't know where to start. Talking with a lender is the best start. This will let you know what you can afford and how much money you will have to come in with to purchase. Once you get that taken care of you should look for a experienced real estate agent. They will assist you in finding a home that fits your needs. Happy Buying!