Great Opportunities Exist In Cincinnati Real Estate

Article originally posted November 17, 2009.

Have you been sitting on the fence during the last few years of real estate woes?  It may just be time for you to change your attitude towards Cincinnati real estate.  While the bottom may not have hit in all Cincinnati neighborhoods, I personally believe it has bottomed out or is close to bottoming out in quite a few communities.  Neighborhoods such as Hyde Park, Oakley, and the Mt. Washington/Anderson areas are showing decreasing inventory levels and are at price points we have not seen since the late 1990’s/early 2000’s.  Here are some great reasons why now is the time to take advantage of the current market:

1. Prices of nearly a decade ago.
2. Interest rates hovering near the 5% mark.
3. Potential tax credits of $8000 for first time home buyers
4. Potential tax credits of $6500 for move up buyers. (must have spent 5 yrs living in your home).
5. Time of year. Fall is usually one of the slower times of year in Real Estate.  This typically presents opportunities for buyers as sellers may be more willing to negotiate.

If you are planning on spending a few years in your new home, now may be the perfect time to buy.  We may never see interest rates at current levels coupled with significant tax credits again.

Contact me to discuss further details or activity in specific neighborhoods.  Remember… tax credits are only available thru April 30^th, 2010.

For more information on government tax credits please visit: http://tinyurl.com/ykkray5

*Information provided from data gathered from the Cincinnati MLS