The cost of waiting to buy a home could be quite expensive for buyers who are considering a purchase in this real estate market. As an example, consider the following hypothetical purchase on a $350,000 home with a 5% down payment.
First Time Home Buyers could lose an $8,000 credit if they wait until after April 30, 2010.
Move-Up / Trade-In Buyers could lose a $6,500 credit if they wait until after April 30, 2010.
FHA Seller Contributions (6% to 3%) could lose $10,500 credit if waiting until after Spring 2010.
FHA Upfront MIP (1.75 to 2.25) could lose $1,750 credit if waiting until after Spring 2010.
So, the bottom line in this example could mean that a First Time Home Buyer could lose $20,250 and a Move-Up Buyer could lose $18,750! That's a lot of dough to leave on the table! Don't wait!
www.LakeSidneyLanierHomes.com
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