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RISMEDIA, October 28, 2009—Potential home buyers are seeing a fortuitous combination of low mortgage rates, affordable home prices and the first-time home buyer tax credit. And many who thought homeownership wasn’t an option right now appear to be finding ways to make it work. A National Association of Realtors survey shows that first-time home buyer purchases made up 30% of July existing home sales, which were up 7% from June and represented the fourth consecutive monthly increase.

It’s not often that so many moving parts work in harmony to create the most buyer-friendly real estate market I can remember. But as the buzz surrounding the first-time home buyer tax credit’s Nov. 30 deadline mixes with the chirr of extending and expanding the program, the resounding truth is that the whole scenario is temporary.

There hasn’t been, and may never be, a better time to enter the U.S. real estate market, and those who hesitate with hopes of larger tax credits and even lower prices are gambling away the chance at historic savings and incentives. If your buyer clients are highly-qualified and motivated, it’s time they act while fellow first-timers are their main competition. If stimulus programs grow to include all home buyers, demand could start driving prices higher as move-up buyers and seniors who want to downsize get in the game.

We all want to see activity increase; it’s good for the economy and for the industry. But think like a first-time home buyer for a moment. Wouldn’t you rather buy with the maximum number of factors on your side? And for many first-timers who buy before Nov. 30, it will mean the difference between owing taxes and receiving a sizeable tax refund.

You know the arguments, and you would be doing a disservice to your qualified buyer clients—remember, that’s anyone who hasn’t owned in the past three years—if you didn’t present the facts in a way that shows your broad knowledge, professionalism and, above all, concern. Anyone who buys a home that’s priced competitively in this market, and plans to live in it for five years or more, will see rewards.

We all know the saying about lightning not striking twice in the same place. The bolt of energy that current mortgage rates, home prices and the first-time home buyer tax credit are injecting into the housing market will dissipate for those who

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