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You Gotta Know When to Fold'Em: The First-Time Homebuyer Tax Credit & You
As the $8000 tax credit gets ready to expire, many buyers are struggling to find a Louisville home that meets their needs and wants.  Feeling pressured by the looming date, some are considering just grabbing something so they can get the tax credit.  As Paul elegantly expresses below, this is really not a good strategy. 

GENTLEMEN, START YOUR ENGINES!Are they good and fired up?Great, now turn them off.As one knocks around the internet here in late April of 2010, he or she cannot go two clicks without encountering manic encouragement to purchase a home “BEFORE IT’S TOO LATE,” or proclamations that “TIME IS RUNNING OUT” to take advantage of the first-time and move-up homebuyer tax credit; each froth-inducing pitch more fevered than the last.  The only thing missing are the decrees that “THIS OFFER EXPIRES AS SOON AS YOU LEAVE THE PREMISES,” and inquisitions as to “WHAT DO I HAVE TO DO TO GET YOU INTO A HOUSE TODAY?”  P.T. Barnum had nothing on a gaggle of motivated Real Estate agents.Here’s the thing, though, I am not a big fan of leveraging fear as a sales tool.  With just over a week left in the Federal Clearing House Tax Sweepstakes, I ... more

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