The National Association of Home Builders recently suggested the following reasons why current homeowners should consider upgrading to their dream home:
- Interest rates are at historical lows - Buyers can get more house for the same amount of money.
- Homes are more affordable - Even though they might receive less when they sell their home, move-up buyers will also pay less for their new home.
- There are many homes to choose from - With more homes on the market than in the past, buyers have more options and greater negotiating power.
- Starter homes are selling - A move-up buyer's current home may no longer fit their needs, but it could be the ideal starter home for another family. The incentive of the $8,000 tax credit, which can be used for transactions closing before Dec. 1, 2009, makes these types of homes even more desirable for first-time buyers.
Smitha Ramchandani is a licensed real estate professional at Weichert Realtors' Morristown West, New Jersey office. She is a Certified Buyer Specialist, and a Home Marketing Expert.. You can reach Smitha at: 973-953-7777 Mobile or 973-455-1900 Extension 122 (Office) or online at: http://www.Morris-Homes.com or http://www.TheTownhouseExpert.com or http://www.Morris-Townhomes.com or http://www.MorrisCountyTownhomes.com.