Are you a first time homebuyer? Are you a buyer that can purchase a home without having to sell a current residence to proceed forward with your purchase (1st right of refusal)? If the answer is yes to either of these questions, PLEASE TAKE NOTE! Now is the time for you to act. The market in the Richmond, Virginia and the surrounding counties of Hanover, King William, Henrico, Chesterfield Powhatan Caroline and other localities is currently inundated with ‘stale” properties. Sellers are dropping prices like we haven’t seen in years. Buyers are getting all closing costs paid by the seller, incentives such as decorating allowances, association dues paid for at least a year – just to name a few of the incentives. If you are interested in new construction, take advantage of your strategic position. Builders are ready to move inventory. You can help! These same builders are giving thousands in free options for you buyers that can buy there spec home without any contingencies and take it out of their inventory. If you have good credit, you may be surprised about how easy getting a mortgage can be. With the closing costs being paid by the sellers, in most cases, you may find home ownership to be a better financial proposition than renting. You can likely get into a home with no money and find your mortgage payment lower than what your rent payment is currently. By renting, you are merely helping your landlord deepen his pockets. Your landlord is holding on to valuable real estate which is appreciating annually while you are making the payment. Worse, you are not taking advantage of most tax write off incentives available to you with home ownership. Consult your tax advisor for more information on the benefits available to you. I am happy to answer any questions you may have regarding purchasing your first home or helping you obtain any property.
Compliments of: Kathy Holland, Broker/Owner
