There has never been a better time to purchase a home, despite the fact that the Lexington real estate market is tapering off. In a hot market, the moment you came across a home, you had to jump on it.
Now, with greater selection, you are able to take your time to find the perfect home. Room for negotiations is allowed in the existing market. Buyers have more say at the table, although the overall process might take a bit longer. At this moment, interest rates are still somewhat low. Rates might not be at 5.84%, like they were in 2004, but for the most part, you are still getting a fantastic deal.
If nothing else, real estate is a smart investment. Whether you are buying to turn over, or buying to keep, owning a house is going to generate great tax advantages.
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