It seems too good to be true that the federal government will give you $8,000 to buy a first home. They will even give you $6,000 if this isn't your first home. The fine points are that you have to be under contract byt he end of April 2010 and you have to close by the end of July 2010. I have sold several houses this Spring using this program and it is the real deal.
Taking nothing away from this federal giveaway, the real reason to buy real estate now is not the $8,000 or $6,000 -- it is the phenominally low interest rates available. As the real estate market continues to improve, interest rates will go up and we will all wish we had bought right now.
Friday, April 23, 2010
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