Taking the Plunge and Buying Brooklyn Real Estate Makes Perfect Sense

There has truly never been a better time to think about buying a new home. The current economy has created a buyers’ market like never before. This works to your advantage, and the fact that the real estate market is recovering means that buying Brooklyn real estate as a future investment is a smart move.

Consider New Construction

Builders are faced with unsold homes in developments and are willing to make deals. They are interested in all reasonable offers, and, especially if you have pre-approved financing, will negotiate with your real estate agent to give you better price and terms. It is in their best interest to get their existing homes sold.

Best Mortgage Rates in Current History

You can take advantage of the low mortgage rates to get fantastic payments on your new Brooklyn real estate. These low rates won’t last forever, so if you have good credit and solid employment, buy now to make your new home truly affordable.

Tax Credits

If you or your spouse has never owned a home, or if neither of you have owned a home as a principle residence in the past 3 years, buying a home now makes financial sense. You will get a large tax rebate at the end of the year for making a home purchase now.  However, you must act immediately because you have to have a binding contract signed no later than April 30, 2010, and close on the home no later than June 30, 2010, in order to qualify for this first-time home buyer tax credit.

If you’re a repeat home buyer, you too might qualify for a tax credit.  Again, you must act fast.  The same dates apply for this repeat home buyer tax credit as for the first-time home buyer tax credit.

Affordability and Availability

The market is wide open for buyers now, and finding the perfect home at a reasonable price is easier than ever before. Waiting too long can prove to be a very costly decision. The market is getting stronger and tax credits are coming to an end. Over the course of the next year, it will become increasingly more difficult to buy Brooklyn real estate at prices and rates now available.

If you would like more information on the intelligence of buying a new home now, please call me today at (718)253-9600 ext.206 or email me at [email protected].  I look forward to talking with you!


One Response to “Taking the Plunge and Buying Brooklyn Real Estate Makes Perfect Sense”

  1. […] Charles D’Alessandro [email protected] tel 718 253-9600 fax 718 253-9573 Brooklyn Real Estate Blog Taking the Plunge and Buying Brooklyn Real Estate Makes Perfect Sense […]

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