Real estate reminders for the new year:

Now is the right time to buy. It is still a buyer’s market, and there are great deals on homes currently for sale. There is a wide variety of homes for sale in various locations and in all price ranges. Call a real estate agent for additional info.

Get prequalified with a lender. Buyers who are pre-approved have incredible negotiating power.

Interest rates are still great. There are various financing options available for those with a steady income and good credit.

One-hundred percent financing is still available. Call a lender/mortgage broker for additional info. Your real estate agent can provide you with a list of qualified lenders/mortgage brokers.

Tax credit changes that you may qualify for are as follows:

Extended First-Time Home Buyer Tax Credit up to $8,000 to first-time home buyers until April 30.

Expanded tax credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between Nov. 7, 2009 and April 30. Call an accountant for additional info.

Tax breaks you may also be eligible for are as follows:

The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home. Call an accountant for additional info.

Article submitted by Joanna Jackson, assistant sales manager/realtor for Jackson Realty.