Sunday, March 29, 2009

Is 2009 THE Year to Become a Homeowner??

So, you're thinking of becoming a homeowner. That is a big step to take! There are certain responsibilities to consider when making this decision. Of course, you want to obtain a home with a mortgage you can afford. You also need to factor in the costs of upkeep, repair and maintenence. You still want to have a little extra money in your pocket each payday for the occaisional dinner out or trip to the mall.

Have I scared you off yet? No? Good. Please read on.......................

Reason # 1 to buy a home this year: Interest Rates. Lower interest rates mean that you can afford more home and remain within your budget. Interest rates are near an all-time low right now, so it is a good time to take advantage of this and get more for your money.

Reason # 2 to buy a home this year: Home appreciation. Homes in the Tulsa Metro Area generally increase in value at a rate of 3-4% a year. We HAVE NOT had the housing crisis that you read about in the papers or see on television. Our market has always increased at a slow and steady rate, rather than rapidly shot up in price like some other parts of the country. Our job market here is traditionally stable as well, so our market is currently very healthy.

Reason #3 to buy a home this year: Tax Deductions. Mortgage interest and property taxes are generally tax deductable.

Reason # 4 to buy a home this year: $8000 tax credit. Yes, that's right, $8,000 or 10% of the home's value (for less than $80,000 homes). What could you do with $8,000? Improve the home, buy some furniture, take a vacation, save it......the possibilities are endless.

Allright, now that I have your attention, please give me a call and we can discuss whether home ownership is right for you. I can give you information such as: downpayment information, the names and phone numbers of lenders, how the home buying process works, closing costs, etc. I look forward to hearing from you!

Please call me, Vicki Pearson at (918) 812-8338 or visit

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