There is no doubt that we have entered a buyer’s market here in the Madison area.  This market, although great for all buyers, is especially great for the first time Madison area home buyer.  With plenty of mortgage options available and still amazingly low 30 year fixed rates available, people with adequate credit and stable income have enormous buying power in this Madison market.  Despite the fact that buying property in Madison continues to prove as a solid investment, buying a home is a huge decision and it is important that each person ensure that it is right for them.  I found some great tips on the Freddie Mac site that I thought potential first time home buyers may find helpful.  It lists some of the great pros to home ownership, like having your OWN place and the potential for fixed monthly payments for the next 30 years, as well as some risks of homeownership that you may not have considered.  I would urge everyone to take a look at this site and then let me know if you are interested in making a real estate purchase here in the Madison area.