As home prices in West Jordan, UT and all over the country have corrected down, buyers find themselves in a great position to purchase property.  The factors that make it most attractive at this time are:

Low interest rates.  As far as I’m concerned, any time you can get financing under 7%, you’re doing good.  For the last several years we have been spoiled (are you kidding me?  In the late 70′s and early 80′s interest rates were at 15%!)  As of Feb 2010, some of my buyers have aquired loans with interest rates ranging between 4-5%. 

FHA loans only require a 3.5% down payment. 

Sellers want to move.  In many cases, they are willing to help the buyer with their closing costs.  That translates to another several thousand dollars the buyer may not have to come up with.

Yes, you’ve been hearing about the tax credit for first-timers.  It also applies to move-uppers who have lived in their current home for 5 of the last 8 eyars.  Time is running out on that one, and it is a little extra dough, so why not go for it, if buying a home is in your plans for this year?

Tags: Buy a Home, Buy a House, First Time Home Buyers, Good time to buy a house, West Jordan UT, West Jordan UT Home for Sale

Posted on Tuesday, February 23rd, 2010 at 5:26 pm and is filed under Buy a House. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.