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.

No matter how good this current buyers’ market is, location is still king.

It has always been — and will continue to be — a key ingredient to any successful home purchase and/or investment.

“Neighborhood” is so much more than lines drawn on a map. It also means proximity to desirable amenities like parks, schools and shopping.

Indeed, where an area falls relative to other areas is important.

How far will your commute be? What types of neighborhoods border yours and do you want them as neighbors?

The April 2010 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which answers these important questions and details everything you need to know about “Scout the neighborhood.”

Don’t be lured in by the promising “fixer uppers” that distract you from unsavory locations. Make a list of what you want in a neighborhood and stick to it.

Check out “Scout the neighborhood” today to help you do just that.

To read this month’s free educational newsletter from Foreclosure.com CLICK HERE.

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.”

Distressed real estate, which include foreclosure, preforeclosure and short sale homes, accounted for 48.1 percent of all sales nationwide in Feb. 2010, according to the Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions (via DSNews.com).

Thomas Popik, research director for Campbell Surveys, provides some context:

“Short sales now account for the No. 1 category of distressed property. Losses on short sales are typically lower than for REO, and both lenders and the government are pushing programs to facilitate short sales. But as more and more people default or simply want to walk away from their properties, mortgage servicers are having trouble expeditiously processing these complicated transactions.”

Popkick is referring to the Home Affordable Foreclosure Alternatives (HAFA) program, which the U.S. Treasury Department recently released to simplify and streamline use of short sales and deeds-in-lieu of foreclosure.

HAFA guidelines go into effect on April 5, 2010 (agents reading this might want to check out our training and certification course right here), meaning that short sales will only likely become more popular in the weeks, months and years ahead.

Foreclosures, of course, have always been popular because of their perceived value — buyers and investors are always looking to land the best deals possible.

To check out short sales (preforeclosures) and foreclosures in your area click here.

Hurry … these listings fly off our site fast because they are so desirable.