The government has been running their home buyer credit program for quite some time. While they did extend the credit before, it looks like there will be no extension this time. What does this mean for you?
If you are a home seller, the best time to be on the market is right now. Any delay could cost you a huge number of buyers who are motivated by the credit.
If you are a home buyer, you should be shopping now. While there will still be great deals after the credit has expired, why not take advantage of free money from the government?
This credit is good both for first time home buyers and for those who are buying a home and have lived in their current residence at least 5 years. First time home buyers get up to $8,000 while those who are buying another home get up to $6,500. Be sure to consult your tax professional to find out how much you can qualify for.
If you are interested in buying or selling, contact one of the real estate professionals at Tiered Real Estate.
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Pingback by Tweets that mention Time Running Short On Home Buyer Credit » Tiered Real Estate Blog -- Topsy.com — April 13, 2010 @ 12:01 pm
Amazing post thanks!
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Comment by GSX-R600 gurl — August 20, 2010 @ 9:12 am