On the Fence About Homeownership???

In these times, many people are unsure as to whether they should invest their money in a home.  But now (especially if you are a first time buyer) is a great time to invest.  Prices are low, and recent reports show that real estate is slowly making the climb up from where it fell during the "bubble burst". 

To those of you who are potentially first time buyer's you should consider the benefits to owning your own home, particularly before the $8,000 tax credit runs out on November 30th.  This is truly a unique opportunity to receive as it can be used as collateral for short-term or "bridge loans" or to put down towards your closing costs, downpayment or to even buy down your interest rate on your mortgage.  The tax credit will be equal to 10% of the cost of the home, up to an $8,000 maximum credit.  For more information on the First-Time Homebuyer Tax Credit contact us at 276.236.4444 or email: info@galaxrealty.com .

Investing in real estate is a wise decision as it offers more stability in the long run than most other types of investments.  It is almost always guaranteed against inflation, and inevitibly after a few years (or longer depending on your local market) if the home stays in good condition or has improvements made upon it then it should appreciate in value.  With home prices as low as they currently are due (unfortunately) to foreclosures and short sales it is time to start the search for your new home or investment property today.

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