homebuyer tax credit: Should I purchase a home even after the tax credit expires?
- 03/31/10 09:45 AM
I'm often asked this question by different people who are considering purchasing a home, but for whatever reason can't do so until later in the year. Some people may be changing employers, may not have the necessary down payment available or may have a home to sell before they can purchase their next home. Whatever the situation, my answer is typically YES. I'm not saying yes because I want to sell them a home, I am saying yes because when you consider other factors such as the historically low interest rates, the affordability of homes and the overall Austin real estate … (1 comments)
homebuyer tax credit: Good News for First Time Homebuyers
- 11/05/09 11:11 AM
The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they've lived in their home for five of the past eight years. Home prices are capped at $800,000. The legislation in both houses was included in a bill to extend unemployment benefits and is expected to be signed by President Obama shortly. "REALTORS® appreciate the swift action by Congress to extend the home buyer tax credit and expand it to some current homeowners," says NAR President Charles … (0 comments)
homebuyer tax credit: 1.4 million home buyers thus far....
- 10/09/09 04:00 AM
With the First-Time Home Buyer Tax Credit deadline quickly approaching, the Internal Revenue Service recently reminded potential home buyers they must complete their first-time home purchases before Dec. 1, 2009 to qualify for the special first-time home buyer credit. The American Recovery and Reinvestment Act extended the tax credit, which has provided a tax benefit to more than 1.4 million taxpayers so far. The credit of up to $8,000 is generally available to home buyers with qualifying income levels who have never owned a home or have not owned one in the past three years. The IRS encouraged all eligible homebuyers … (3 comments)
I'm often asked this question by different people who are considering purchasing a home, but for whatever reason can't do so until later in the year. Some people may be changing employers, may not have the necessary down payment available or may have a home to sell before they can purchase their next home. Whatever the situation, my answer is typically YES. I'm not saying yes because I want to sell them a home, I am saying yes because when you consider other factors such as the historically low interest rates, the affordability of homes and the overall Austin real estate … (1 comments)
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