For many first time home buyers, today's Real Estate market offers some compelling reasons to enter the market. Here are a few reasons to consider...
- Lower prices. Many markets have seen double digit price reductions over the past year. This means there are some great opportunities for first time buyers in today's market.
- Interest rates are at record low levels. This makes a mortgage more affordable for home buyers.
- There are a variety of incentives recently introduced by the government to assist fist time home buyers. These programs can add up to significant savings!
- Many current home owners are looking to realise the equity they have built up in their homes and move up to a larger home. This means there is a greater selection of "starter homes" available
So if you have been thinking about "jumping in", now may be a great time to take the plunge.