What does this mean for you? If you are a first time buyer that $8000 tax credit can help off-set your closing costs. If you are a current home owner in a house that is squeezed for space, you can get a tax credit of $6500 to move into a larger house. Everyone wins here if you don’t wait too long to do this.
Congress gave a gift to first time home buyers earlier this year. What Congress gives, Congress takes away and unless you get into a contract soon, your likelihood of getting the $8000 First Time Home Buyer’s Tax Credit will be gone. You must have the keys to your new home in hand by November 30th.
Not a day has gone by during all of this global money chaos when someone hasn’t asked me if the real estate business has ended, thinking that no one is lending any longer and therefore no one is buying anything. Guess what! It just isn’t so! There is money out there to lend and it’s…Read More »