Opportunity is knocking for first time home buyers.  These are the golden days your children will talk about as they reflect back years from now as the time when you could buy a home for $120,000 with interest rates as low as 5 ½%.  It is such a buyer's market right now with current home prices are rolled back to 2004 pricing.  Mortgage rates are lower than they have been since 1972, back when gas was 39 cents a gallon.  Already many financial experts foresee double digit interest rates in the near future. 

Those who gamble to see if housing prices will steep lower, will see mortgage rates tick up and by that point those taking on a gamble will have missed out.  This weekend I went bargain hunting and I discovered some great opportunities for first-time home buyers.  There are still amazing programs out there which require very little money down.  Not to mention the special buying opportunities for teachers, police officers and firefighters.  As it stands today, there are still top housing choices available in the market.  By the time the headlines read “Buy Now” typically the prime time to buy has already passed.

I know that it can be a very overwhelming process for a first time home buyer with so many choices out there and so many variables to take into consideration.  The maze of finance options alone can be extremely mind-boggling.  However, this is what Realtors are for and I enjoy helping buyers sort through the many choices and discover the best mortgage option available for them.  A Realtor is a professional with the experience that truly helps in the real estate market.  Uncle Joe may have the best intentions as he freely share his real estate “expertise” from his own experience, but in a market like this buyers need a professional in order to get the best deal for them.  Buyers should not underestimate finding a Realtor that has experience in helping people live the American dream of owning their very own home.

Homes are being sold, mortgages are being approved and savvy buyers are getting off the fence and grabbing this golden opportunity.  Real estate is one of those markets that has always been cyclical.  All that we are experiencing now has happened before and will happen again.  What goes down will come back up and over time home values will certainly continue their historical trend of appreciation over time. With realistic expectations real estate remains a proven path to financial wealth.

With some home builders offering fixed mortgage rates under 4% and pricing lower than we have seen in several years, combined with the $8,000 tax credit first-time home buyers may qualify for, buyers can have their cake and eat it to.

Contact Tammy at Tammy@TammySellsTampa.com to grab your opportunity today!