Buyer Tips and Secrets to Finding the Best Value -
Buying a home is one of the strongest investments you can make for yourself. Investing in a home improves our communities, makes our families stronger, and gives you something to build your nest egg. Having a Certified Residential Specialist to assist you in your home search is just the first step in finding just the home for you. Kathi is dedicated to educating you about the Anchorage Real Estate market and with over 20 years of experience will be able to answer your questions about the whole buying process.
Let's start with what you're looking for:
Start Here for a Quick Search
Or Email me and I can set you up with Auto Notifications of Homes you may be intersted in
First Time Buyer's Tax Credit - Deadline April 30th
The first time buyers tax credit has made all the difference in the world to those who are buying this year. Despite the economy, in most markets buyers have the advantage.
If this is your first time read up on all the rules to qualify you for the $8000 tax credit. If you are upgrading or perhaps downsizing you may also qualify for a $6500 tax credit.
The deadline to be in a qualified contract to purchase is April 30th. Don't miss out on this great tax advantage.
Visit the Official Website for all of the details.
Buying vs. Renting...in any market
Renters are always asking: Why should I buy instead of rent? What are the savings? What are the benefits? Where should I go to get started?
There are several resources online to help you get started. First, take a look at www.move.com, search for the Buy vs. Rent calculator. If you are a renter at $1,200 for a 3 bedroom home, your annual cost is $14,400 not including utilities or renters insurance. If you bought the same 3 bedroom home, with was little as 3.5% down, 5% interest, for $200,000, and lived in it for 5 years, esimated fees and taxes your annual cost is $12,500. A savings of $1,900.
I know it doesn't sound like much but get this, your $14,400 rental money goes to somebody else...you are paying into your landlords investment. If you buy, your $12,500 a year is invested in yourself. Yes, you are paying taxes, insurance, utilities, etc., but in the long run your money goes farther.
The best reason to buy now, don't wait, is that according to the Associated Press the gap between average monthly mortgage payments and the average cost of renting has decrease from $777 to $221 in the last 3 years! Take advantage of the flat market! If this doesn't motivate you, how about low interest rates? Local and National economist agree, year end of 2010 we may see a spike in interest rates. The past year has shown rates between 4.5% and 5.5%. Contact your local lender for updated interest information and fees.