Right now!

We’ve been telling you this for months: If you have the means to purchase real estate then you should act as quickly as possible.

Ilyce Glink from CBS MoneyWatch.com drives our point home with her article, “3 Reasons Why Now The Best Time To Buy A Home.”

These important points should come as no surprise for our regular readers:

1. Homebuyer tax credits
2. Mortgage rates are at 40-year lows
3. Home prices are at generational lows, too

Sound familiar? It should — We’ve been harping on this “perfect storm” as frequently as possible because it’s TRUE.

Historically-low prices, as well as interest rates, and limited-time government incentives ($6,500 and $8,00o tax credits) make this an awesome opportunity to score a deal of a lifetime.

These conditions won’t last forever. In fact, the tax credits are set to expire later this month (April 30).

So what are you waiting for?

Head over to Foreclosure.com right now and check out the best deals in your area before someone else beats you to it.

Las Vegas, Nevada, real estate broker Ken Lowman is taking his business to an entirely new level.

Literally.

Lowman, who has partnered with JetSuite Air, is offering “Sin City” buyers and investors with a “Luxury Home Foreclosure Private Jet Tour,” which will depart from Los Angeles, Calif., on April 17 and fly over three luxury (foreclosed) homes in Las Vegas.

Here’s his lofty pitch:

“I’m pleased to team up with JetSuite air to expose an out-of-town audience to Las Vegas to see these incredibly reduced-priced luxury homes. I’ve been telling all my potential buyers who are waiting in the wings the same message. If you have the wherewithal, now is the time to buy.”

If you think a luxurious birds-eye view might not be the best mode of inspection, then you’re probably on the right track. It appears to be more about the “experience” … even though several of the homes, which range from $4.65 million to $6.125 million, might be visible from outer space.

New York Daily News reports that if all goes well on the maiden voyage, Lowman plans to coordinate additional foreclosure jet tours from major cities such as San Diego, Calif., Phoenix, Ariz., and Salt Lake City, Utah, among others.

Interested passengers must show proof of funds and net worth “sufficient to purchase a luxury home.”

Former Major League Baseball (MLB) All-Star outfielder, Lenny Dykstra, is about to lose his 12,360 sq. ft. mansion in the ritzy Sherwood Country Club Estates in Thousand Oaks, Calif., to foreclosure, according to Reuters.com.

“Nails” purchased the six-bedroom, seven-bathroom sprawling compound (it sits on 6.5 acres) from National Hockey League (NHL) legend, Wayne Gretzky, for $18.5 million in 2007.

However, reports indicate that Dykstra — who has been plagued with major financial problems, bad business decisions and a litany of lawsuits since his retirement from the sport more than a decade ago — purchased the home primarily as an investment. But when the real estate market tanked, he was unable to unload the property.

As a result, he failed to make mortgage payments and let it fall into disrepair. In fact, the Ventura County Star reports that Dykstra recently removed more than $50,000 worth of lighting fixtures, wood flooring and kitchen appliances late last year to help pay his other debts.

Dykstra is now in the midst of bankruptcy, during which he dropped a $100 million lawsuit that claimed he was the victim of mortgage fraud on the purchase of Gretzky’s former home.

Accordingly, JP Morgan Chase, which is owed at least $13 million on the loan, has been given the green light to foreclose on the home and “pay the bank $92,000 from insurance proceeds to clean up the trash-strewn property.”

The home is currently on the market for $14.9 million.

And it’s not just because of the desert heat, according to the Wall Street Journal:

“Bargain hunters here and in many other metropolitan areas are up against a paradox. By far the biggest wave of foreclosures since the Great Depression was expected to be a bonanza for anyone with cash or the ability to get a loan. But prospective home buyers say it is increasingly difficult to find foreclosed homes at attractive prices in desirable neighborhoods. Supply is shrinking largely because of federal and state efforts to help millions of distressed homeowners avert foreclosure, which have delayed many likely foreclosures, keeping the homes off the market for now. The bargain chase is even tougher for those buying with a loan. Investors with cash have an advantage in that their offers aren’t conditional on obtaining a loan so banks often prefer selling to them than taking the risk that another offer will fall through. They are also often quick to react when bargains appear.”

We’ve said it before and we’ll say it again — the best deals often get cherry-picked as soon as they hit the market by savvy investors and/or dedicated house hunters.

Yes, there is more distressed inventory from which to choose these days, but just because a property is classified as a “foreclosure” or “short sale” doesn’t mean it’s bonafide beauty right off the bat.

Finding the best home deals in your area, and then having the ability to move in on them faster than anyone else,  often takes a little bit of homework, preparation, persistence and luck.

A great way to get started is to sign up for our FREE daily foreclosure e-mail alerts. We conveniently deliver all the best deals, depending on the property type(s) and zip code(s) that you select, directly to your inbox.

Of course, you can also search foreclosures in Las Vegas and beyond right now with the limited-time blog reader special discount on our FREE 7-Day Trial.

Hurry!

Real estate has always had the potential to turn ordinary novice investors into wealthy experienced entrepreneurs.

Seizing opportunities in the multi-billion dollar foreclosure industry is a common factor behind many of these success stories.

Timing is everything.

And there is no better time to score a great foreclosure deal — or several — than right now.

Remember that you can be the first to know when hot listings become available in your area thanks to FREE daily foreclosure e-mail alerts from Foreclosure.com. We conveniently deliver all the best deals, depending on the property type(s) and zip code(s) that you select, directly to your inbox.

It gets better.

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