There has been significant discussion about extending the home buyer tax credit. The speculation has been wide ranging from doubling the credit to extending it to all home buyers. While neither of these seems to be financially plausible, there seems to finally be a consensus on what will happen. The Wall Street Journal posted this discussion about the extension.
While some of the details are subject to change between now and the vote by Congress, one thing should be clear, this is not going to stay around forever. In fact, buyers should feel fortunate that it is going to be extended at all. Many congressmen opposed extending the credit due to the cost. If you are considering buying a home, consider this a blessing and an expiring benefit. Take advantage of it now while you have the chance! You should expect that this is going to be gone by the middle of 2010.
If you are interested in buying or selling a home, contact one of the great agents at Tiered Real Estate and we will be happy to help you! If you need to know if you can qualify for a loan (or how much home you can afford) then contact Mike Vrba at Cherry Creek mortgage.
[...] This post was mentioned on Twitter by artoo840, TieredRE. TieredRE said: Posted a new blog post about extending the home buyer tax credit http://bit.ly/sdNjk [...]
Pingback by Tweets that mention Extending the Home Buyer Credit » Tiered Real Estate Blog -- Topsy.com — October 30, 2009 @ 11:56 am
great blog thank you
Comment by davenycity — September 15, 2010 @ 8:48 am
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Comment by Lizzette Topolosky — September 21, 2010 @ 7:26 am