Now is a great time for first time homebuyers to buy a home. Right now in Jackson Hole there is a large inventory of homes available. Ownership opportunities abound in condominiums, townhouses, and single family houses. Following are reasons to buy today:
1. In the last year there has been a large drop in home prices. An at their peak an 810 West town home sold for almost $1.3 million. Another unit sold in October for $860,000. There is more motivation now than we have seen in the last ten years.
2. The First-time Homebuyer Tax Credit has been extended to promote sales across the country. A first time homebuyer can receive $8000 in tax credit while a repeat homebuyer can qualify for a $6500 tax credit. In order to receive this tax credit you just need to fill out an extra form on your tax return.
3. The FHA is continuing to offer 3.5% down on loans. This means that qualified buyers can get a lown for 96.5% of the value of their home. Saving money on the downpayment can make it easy to go from renting to owning your home.

This entry was posted on Thursday, March 4th, 2010 at 3:36 pm and is filed under Jackson Hole Condos, Jackson Hole Realty Market. 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.