Golden Opportunity Will Go Away
With so much real estate upheaval that can be blogged about, don’t you think it’s refreshing to have a blog where you can turn to for solid advice and to help explain and understand the true climate of the real estate economy? That is why this blog entry is a HUGE call for action. NOW is the time to get hrrrr done. What are you waiting for?
Today our topic and primary reason to “get hrrr done NOW” is the Home Buyer Tax Credit. I am shocked at how many current homeowners are unaware that this credit will benefit them too and not just first time home buyers. The Federal Government is literally giving consumers a Golden opportunity to buy a home and get a tax break. The short version goes like this…
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress passed legislation that:
1. Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010 and
2. Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
Click here for more detailed information about the tax credit.
Financially, it makes sense to buy now whether looking to buy your first home, move up or down or just looking for a fresh start. The bottom line with most homeowners is that they will be living in this home. So not only should the timing for buying or selling fit economically, but also the emotions and home should fit the homeowner. Don’t let the fear of the economy scare you away from accomplishing your ultimate dream. We are here for consultations to discuss your specific situation.