With pricing more affordable than it has been in several years, and interest rates still under 5%, the conditions are right to make a home purchase. The mountains of Western North Carolina are still very attractive to buyers and we will continue to see an influx of people coming to the area. This will help property values in the area to stabilize and increase in the coming years.

For First Time Home Buyers it couldn’t get much better! With the new $8,000 tax credit for purchases before December 1st, 2009, there is no time to waste. To qualify for the credit you must be a first time home buyer or have not owned a home in the last 3 years. Southern Mountain Homes specializes in helping educate new buyers about the market and each step of the home buying process.

If you are interested in buying a home, now is the time to act! Don’t wait for prices and interest rates to start increasing.

Example:

$100,000 home at an interest rate of 4% = $4,000 of interest/yr
$100,000 home at an interest rate of 8% = $8,000 of interest/yr

By waiting, you could dramatically increase your monthly payments and what you can afford to buy.

If you have any questions or would like for us to assist you in buying a home, CALL TODAY!!  (919-815-1887)