Metuchen Real Estate in New Jersey, why is now a good time to buy?

Metuchen Real Estate, NJ

In spite of problems in the housing market, experts agree this is a good time to buy Metuchen real estate in New Jersey. First-time home buyers can take advantage of the many tax breaks allowed by the stimulus plan, and everyone can benefit from the fact that the stimulus package includes help for banks so that they can provide mortgages. There are other reasons the current New Jersey market is good for new home buyers, too.

Local Downpayment Programs and GrantsThe American Dream Downpayment and the Smart Start are just two of the few programs available to local buyers including Metuchen home buyers.

Mortgage Rates
Interest rates are still historically very low. This gives Metuchen real estate buyers, especially those with good credit, a big advantage. Just one or two point difference in mortgage rates can mean saving several hundred dollars a month on payments.

Low Prices
If you're considering buying Metuchen real estate, act now so you can take advantage of the lower home prices. When you buy a home at today's lower prices, you're very likely to quickly add equity to your home when prices bounce back.

Less Construction
Having less construction happening may not seem like a great thing, and for many areas of the economy it is not, but a lack of new construction is a real plus for new home owners. The fact that there are fewer new homes on the market will help real estate prices bounce back over the next few years by creating more of a supply and demand situation for existing homes. Rising Metuchen home values will provide that equity bump back to more modern levels.

Did I forget to mention the $8,000 tax credit?

Cathy ChaudemancheMetuchen Keller Williams Elite RealtyYourHouseFast.com

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