I know you've asked yourself "Why should I buy in a market that has gone down so much in price?".  Well, here are the top 3 reasons to buy NOW.

1. The homes are being sold below replacement cost.  This means that you can't build a home for the price that you are buying the home for.  Once the builders start building again, believe me they will, your home value is going up.

2. It is cheaper to pay for a mortgage including taxes and insurance then to pay rent! When you can buy a home and pay less money than you are paying in rent, this is the time to do it.  You also have the tax deduction associated with home ownership which puts more money in your pocket.

3. The Government is willing to give you $8,000 to buy a home this year!  How can you pass up free money?  You can't use the money for the down payment but you can get a gift letter from a relative and pay them back after your purchase.  In Florida, as of August 1, 2009, they are offering Bridge Loans.  What this means is that you can get a loan of up to $8,000 to pay for your down payment and closing costs and pay the state back after you get your money from the government.

If you need more reasons, check out my Cape Coral Florida real estate website at www.livingincapecoralnow.com