Due to the overwhelming success of the First Time Home Buyer $8000 Tax Credit in stimulating the housing market, the Federal Government has extended it into the spring 2010. First Timers must be under contract on a home by the end of April and must close by the end of July to get the $8000.
Even more exciting, the credit has been expanded to other buyers who are selling a home (must have owned it for 5 out of the past 8 years) and repurchasing another home. They will be in line for a $6500 credit. This will help to offset equity losses that current homeowners have suffered over the past couple years.
If you fit either of these buyer scenarios, contact me NOW to start the process of selling your current home and/or looking for a home. Don't wait too long because we expect the Spring Market to start early this year (January) as many will be trying to make the deadlines to qualify for the Tax Credits.
Saturday, December 26, 2009
Monday, September 14, 2009
First Time Home Buyers $8000 Tax Credit Expires Soon!!
If you're a first time home buyer who has been looking for awhile now, or you have only been thinking about it--you MUST ACT IN THE NEXT MONTH or you will lose the opportunity of a lifetime.
The First Time Home Buyer Tax Credit will expire on Nov.30th, 2009--your home purchase must be closed by then.
What this means to you is that you must find a home and be under contract on it by mid-October at the latest. That would give you 6 weeks to apply for a mortgage and be able to close by Nov.30th.
Understand this: we will probably never again have this tri-lateral opportunity of low home prices, historically low mortgage rates and on top of that, an $8000 Tax Credit!!
If you miss this opportunity, I'm predicting that you will regret it for a very long time.
With this triune opportunity about to expire, if you've been looking--make up your mind now and just do it! If you haven't even started looking yet, then call me and we'll storm the real estate market together and we WILL find you a great home in time.
If you're renting right now, do you realize that you could probably be a homeowner for the same monthly cost? The only difference will be that you will have many tax advantages, you'll be able to paint and decorate in any way you wish, and you'll have the pride that comes only to those who own their own homes.
Call or email me today--do not delay, because in this case time truly is money ($8000 to be exact!)
Hope to hear from you soon,
Brenda
brenda.flower@nemoves.com
The First Time Home Buyer Tax Credit will expire on Nov.30th, 2009--your home purchase must be closed by then.
What this means to you is that you must find a home and be under contract on it by mid-October at the latest. That would give you 6 weeks to apply for a mortgage and be able to close by Nov.30th.
Understand this: we will probably never again have this tri-lateral opportunity of low home prices, historically low mortgage rates and on top of that, an $8000 Tax Credit!!
If you miss this opportunity, I'm predicting that you will regret it for a very long time.
With this triune opportunity about to expire, if you've been looking--make up your mind now and just do it! If you haven't even started looking yet, then call me and we'll storm the real estate market together and we WILL find you a great home in time.
If you're renting right now, do you realize that you could probably be a homeowner for the same monthly cost? The only difference will be that you will have many tax advantages, you'll be able to paint and decorate in any way you wish, and you'll have the pride that comes only to those who own their own homes.
Call or email me today--do not delay, because in this case time truly is money ($8000 to be exact!)
Hope to hear from you soon,
Brenda
brenda.flower@nemoves.com
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