Valuable Information for buyers and sellers.

Combined with historically low interest rates and a plentiful inventory of affordable homes, the recently passed tax credit of up to $7,500 for first-time buyers presents an excellent opportunity for those looking to make their dreams of homeownership a reality. There has nev er been a better time to buy a home. Seize the opportunity; the first-time buyer tax credit only applies to purchases closed by June 30, 2009. 

According to reports conducted by the National Association of Realtors covering a three year period, there are many other benefits of homeownership. These advantages include:

• Higher education performance and graduation rate.
  

• More household participation in civic affairs, a greater level of voluntarism and increased awareness of local politics.
  

• Better physical and psychological health, as well as higher life satisfaction, self-esteem and perceived control over life decisions.

• Greater median wealth compared to renters with comparable incomes.

To learn more about the first-time buyer tax credit, please visit www.weichert.com/firsttimebuyer, or call your local Weichert office to reserve your spot at a special seminar on Saturday, Sept. 20, at 11:00 a.m., where you can learn more about the tax credit and the advantages of homeownership.

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Steps for NJ Residents to Make Sound Real Estate Decisions

New Jersey residents who may be hesitant about buying or selling a home now have several ways to educate themselves about real estate opportunities and local market conditions in the GardenState. Some of the best ways that buyers and sellers can educate and prepare themselves for a successful purchase or sale include:

• Understand your credit score.
• Know your mortgage options.
• Explore local market conditions and opportunities.
• Be realistic.

For more information, please go to www.REALstoryNJ.com.