When folks go to the store and see something on sale they are motivated to make a purchase. Sometimes there is true value to the sale and sometimes the value is in their minds. The good thing about a Real Estate purchase is the appraisal tells you if you are getting a deal. With the number of foreclosures and short sales on the market it is easier to get value now. The 203k loan allows you to make the purchase of the house and make it your home in one loan. The appraisal tells you the value is there and not in your mind. You are also buying low which allows you to make money. Although there are no guarantees, home ownership has many long term benefits. There is a book called Missed Fortune if you want to read more about homes as an asset. A simple call to your accountant can also tell you if there could be tax benefits to home ownership. If you have not owned a home in the past 3 years you may also qualify for the $8000 tax credit.
www.203kservices.com
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