Now is the Time to Buy in Savannah, GA
If you’ve followed the news with even a casual interest lately you know that one of the biggest stories is the current housing market. With home prices low, tax incentives plentiful and a multitude of properties on the market NOW is one of the best times in recent history to buy a home. There is no reason to keep paying rent when you can own your own home.
Home prices are currently 20-30% lower than they were in the recent past. This has created a buyer’s market that we haven’t seen in a long time. Starter homes can be had for under $100,000. For example, this home on Wright St and this home on Bolton St in Savannah, GA are currently steals and being sold below the appraised value! These are just 2 examples of the multitude of deals currently available; don’t let this market pass you by.
Tax incentives have never been better for home buyers. One of the most desirable incentives is an $8,000.00 tax credit for first time buyers that purchase a home in 2009. As always you can also deduct any interest paid on your mortgage. Right now the IRS is more friendly to home owners than ever. Taking these tax breaks into account you can actually save money in the long run over renting.
The real estate market is currently saturated with homes for sale. This has created a situation where you can get the dream house you have always wanted. You can literally pick and choose where you want to live and what type of home you want. Right now in Savannah, GA there are homes available downtown, midtown, in Ardsley Park, on the Islands, and on the Southside. If you’ve ever dreamed of living in one of these areas now is the time to act.
The market has never been more friendly to home buyers than it is now. Buying a home now is an investment in your future and more than likely one of the best deals you will come across in your lifetime. Home ownership is still one of the best ways to build wealth. You have always heard of people looking for that “deal of a lifetime”, well that deal is here and it’s now, don’t let it pass you by.