This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.
There are a lot of good investments in the market today, whether it be a business investment or a personal investment. I recently invested my money in a high-rise condominium unit in the middle of town. Real-estate values rarely depreciates and you can earn passively by leasing your property which is why I am constantly nagging my dad who currently lives in New York to buy his own place. Instead of paying for rent, he can start paying for his own house/pad which he will eventually own. By the time he finishes paying it and decided to transfer he can rent it out and get a return on his investment.
I personally think that it is a good time to purchase a home while market prices are reasonable and with the 2010 Homebuyer Tax Credits being offered by the US government as part of their stimulus package, it will provide more incentive to make the purchase. Here are some details of the Tax credits being offered:
- First-time homebuyers, or those who have not owned in the last three years, can receive up to an $8,000 tax credit
- Homeowners who have lived in a current home consecutively for 5 of the past 8 years can receive up to a $6,500 tax credit
- There may be no future extensions, so all qualified homebuyers are urged to act and have a written, binding contract by April 30, 2010 (close by June 30, 2010)
- Income limits are now $125,000 for singles, $225,000 for married couples with a $20,000 phase-out of the credit for both. se
I think this is a good opportunity for OFW’s or migrant workers to cash into the American Dream and have both a place to call their own and a long term investment. They will also in turn help the US and global economy get back to its feet hence benefiting us all.
