New England Properties

Tax Credit ALERT! The Deadline is Approaching!

The first time buyers tax credit is still available. This is an $8,000 tax credit that is available for home buyers who have a home under agreement before April 30, 2010. The closing needs to take place before the end of June.  There is still time to BUY A HOME!

Buyers who are "Moving Up" are included. And buyers who are downsizing may take advantage of the credit also.

There is also a provision for people selling their home who are not first time buyers. A $6,500 tax credit that is available for those who have a fully executed Offer to Purchase for a home, before April 30, 2010. The closing needs to happen before June 30, 2010, too.

The word on the street is that this credit will not be extended this time. Don't miss your opportunity!

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup  Skype: heath.coker

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James Heath Coker | Create Your Badge

4 commentsFalmouth MA Cape Cod Heath Coker • March 27 2010 08:21AM

A Call to Action For NAR Members

I blogged about extending the $8000 tax credit to first time home buyers yesterday. Today I found a link for the call to action from the NAR. If you are an agent, a broker, a consumer, a renter, or someone else who can use this program, please use the letter to encourage your government reps to extend the credit.

I am not sure if more than one extension will be necessary, but there are many consumers who are just waking up to the available credit and how it could help them buy a home. Traditionally, interest rates rise in the second year of a new US President. If that happens, many people will be able to afford less house.

If the tax credit is extended, it will help offset a rise in interest rates. If rates don't rise, there will be a continued market for first time buyers.

Here is the link to a suggested letter:

http://takeaction.realtoractioncenter.com/campaign/hbtc?qp_source=actionmargin

Happy listing and selling real estate!

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup  Skype: heath.coker

REindex.com, The Site Engine®
508-274-5613  reindex@reindex.com
See our 2 Minute YouTube www.REindex.com/WhatIsREindex.html
@RealEstateIndex

James Heath Coker | Create Your Badge

1 commentFalmouth MA Cape Cod Heath Coker • September 22 2009 08:45AM