Driving around Tampa recently I've started to see billboards that say "BestTime2Buy.org" with a picture of a house and a for sale sign. Of course, I had to check it out.
I think its pretty cool that our local boards of Realtors have put together a joint venture to create this website to encourage home buyers that now is the time to buy. It also has search features on the site that allow you to search area homes or search for a local Tampa area Realtor.
The first page of the website states:
Why is NOW the best time to buy a home?
- It's a buyer's market. Price declines over the past year have made this the best time to buy.
- The inventory of homes for sale gives buyers incredible selection. The number of homes for sale is greater than it has been in 15 years.*
- Real estate continues to be a great financial investment. The average return on a five percent down payment over 10 years is usually three to five times greater than stock market returns.*
- The current favorable market conditions won't last long. Research shows that prices are beginning to stabilize and price declines are over.*
- Mortgage rates are near all-time lows. Capturing these low rates now means your monthly payments are lower and much more affordable.*
- Recent voter approval of Amendment 1 allows Florida homeowners to transfer their "Save Our Homes" tax benefit from their old home to a newly purchased home. Upsizing or downsizing, this is the best time to buy.
*Information courtesy of the National Association of REALTORS®.
Are other boards promoting that now is the best time to buy in your area? In what way?
