The First Time Home Buyer Tax Incentive has come and gone..and yet, it is still a great time to buy a new home. According to our local activity report, home sales rose 5% over April 2009 with a total of 334 units selling during the month of April 2010. The average cost of a three bedroom home in our area during this time was $128,000 and a four bedroom --$171,000.
This is what Jim Gillespie has to ...
Interest rates are creeping up and in five days the federal tax credit will expire. April 30th is the very last day to get a house under contract. But, we're not done - we will have to make sure the house closes before the end of June. This tax credit has encouraged a number of first time home buyers to get out an buy their first home. We have really been busy and I suspect we will continue to be busy ...
Interest rates are the lowest they've been since 1971. The time is RIGHT for the perfect home buying experience. Interest rates are low, homes are competitively priced, and there are financial incentives being. WOW! I can't speak to interest rates or whether home prices will continue to hold on the low side; however, the government sponsored incentives will go away after April ...
It may happen as soon as this week. The homebuyer tax credit will be extended for an additional seven months. There is also a provision for current home owners to qualify for up to $6,500 in tax credits should they purchase a new home before the April 2010 deadline. This is great news for the buyers who have been trying so hard to find just the right home hoping to meet the November 30th deadline. Now ...
Wow, the pressure was on and everyone was working to capacity scheduling closings so first time home buyers could take advantage of the 10% ( $8000 max) tax credit. It appears that the pressure may be temporarily lifted as the Senate considers extending the tax credit for first-time home buyers AND offer a reduced credit to some current ...
The incentive for first time home buyers ( also extended to anyone who has not owned a home for at least three years) is soon coming to an end. There is a vast number of homes on the market at this time hoping that someone will fall in love and offer to purchase them. Looking through this inventory is sometimes overwhelming. Then, to get out in the field and actually preview these homes, well, ...