| If you are still struggling with your decision whether to | | | | companies and banks. Expect to get some good deals |
| buy Telluride real estate or not, then you may be | | | | if you look in the direction of foreclosed real estates. |
| missing out on the golden chance of cashing in during | | | | 4. First time buyers of real estate properties are |
| these most perfect investment opportunity. There is no | | | | entitled to tax credits. A buyer who has not owned a |
| better time than now to take the plunge and invest on | | | | real estate property for a minimum period of three |
| Telluride properties. | | | | years and fall within the prescribed income bracket |
| Here are the 7 BIG reasons why you should to invest | | | | can avail of tax credit equivalent to 10% of the real |
| in real estate at this time: | | | | property home's tag price but not to exceed $7,500. |
| 1. The real estate market is now predominantly a | | | | These tax credits can be applied by the homebuyer |
| buyer's market. Home buyers have this great | | | | for his taxes for 2008 and 2009. |
| opportunity of getting the best home buying deals. You | | | | 5. There is an upward trend in rental rates due to |
| will have a lot of choices of prime real estate | | | | increased demand for rented spaces. This is related to |
| properties that are priced lower than their real value. | | | | the increased preference of most families to rent |
| This is the best time to get the best value from your | | | | home spaces amidst the difficulties that is hounding the |
| real estate investment. | | | | real estate industry. Further, for those families going |
| 2. For those who are on the sidelines waiting for the | | | | through foreclosure of their real estate properties, their |
| right indicators to move in, here is a bit of good news. It | | | | logical direction and only option is to rent home spaces. |
| is also a portent sign that time is also running out for | | | | 6. With the very volatile and unpredictable climate in |
| those who could not make up their minds. As of latest | | | | the market of hedge funds and the increasing number |
| reports, the effective rate for a 30-year mortgage that | | | | of financial institutions succumbing to financial pressure, |
| is fixed rate is about 4.82% on the average. This is a | | | | real estate investment is the way to go. It is the safest |
| big drop of 1% from the same period of last year. You | | | | investment and for those who were able to cash are |
| will expect the real estate industry is already ripe for a | | | | expected to gain windfall profits once the real estate |
| big rebound as this is the lowest mortgage rate since | | | | market and the economy makes a rebound. Economic |
| 2005. | | | | indicators show that such event is imminent. |
| 3. We have now an abnormally high inventory of | | | | 7. With the combined effects of low interest rates and |
| home foreclosures. Mortgage lenders are forced to | | | | reduced real estate prices, you are expected to get |
| rein in on their increasing number of foreclosed assets | | | | more value from every dollar you spend. |
| and selling is the most judicious direction for most | | | | |