I'm pulling out my crystal ball, and predicting that in 5 years, people are going to be shaking their heads and saying, "I wish I'd bought property in Rockland County in the spring of 2009." This is because the stimulus package that the House and Senate are negotiating has major implications for people who would like to buy property in the near future.
The package isn't law yet, but it most likely will include a tax credit and a low mortgage interest rate that will make the spring 2009 market an unprecedented time for buyers. These two factors in combination with Rockland's lowest home prices since 2002 will bring a surge of buyers to the market in the next few months.
The buyers who get to the market first will get the best deals. As more buyers enter the market, there will be greater competition for houses, and this competition eventually will cause home prices to rise, especially if the President's plan to stem foreclosures is successful.
It is likely that the tax credit and low interest rates will remain in effect for a finite period of time, and will be gone by next year. That means that the best real estate deals are to be had now!
I am trying to get this information to everyone I know who is interested in buying in the near future, because the stimulus package could be signed as early as next week. Please call me immediately if you are serious about buying property in Rockland County, NY within the next year. Together we can figure out the best way for you to take advantage of this amazing opportunity.
jennifer mallory | associate broker | "real integrity in real estate"
keller williams hudson valley realty II | 130 main st, nyack, ny 10960
845.521.3135 | 845.323.6247 mobile | www.jennifermallory.com