If you are currently renting an apartment or a home, you should really try to do everything you can possible do to put yourself in the position to buy a home in 2009.  After all, owing property over a period of time is a great investment on top of the fact that you get to enjoy the investment.

Every month, you're spending the money and in many cases, the amount of money a renter spends on rent can be about the same as or more than the amount a homeowner spends on a mortgage.

With the tax benefit for homeowners, the savings can be significant.

Right now good homes can be bought for low prices and with the $8,000 First-Time Buyer Tax Credit you can become a homeowner for a very little amount of money.

In fact, last week one of our clients moved into her first home.  The house cost $247,500.  She needed 3.5% for the down payment ($8,667).  The seller contributed $7,000 toward her $8,500 in closing costs.  She will file an amended tax return and receive the $8,000 tax credit.  So - in the end, she purchased a home with only $2,167.

To see if it is costing you more to rent than to own a home, call us at 410-215-4201 or email us today!

If you are interested in learning about the home buying process, come to our FREE, no obligation Home Buying Seminar.

Wishing you sunshine everyday and the home of your dreams,
Jeri