As every first time home buyer knows, time is running out to cash in on the Federal Government's First Time Home Buyer's Tax Credit. As I've said before, and will say again-right now, the tax credit is a nice incentive but should not be the only reason you chose to purchase a home. You need to be ready for the commitment: financially, emotionally, and physically.

Here is an article from the Wall Street Journal about an over zealous first time home buyer. He lost sight of the reason to purchase a home and it almost cost him - big.

Remember to use a knowledgable buyer's agent (someone that works for you - not the seller) and know what the property is worth. Homes should not be purchased on PRICE alone - make sure you understand the VALUE of the home. Each person's situation is different, do not force yourself into believing that you are ready for home ownership if you know, deep down, you're not. And when you feel you are ready to purchase a home - give The Heritage Home Team a call!