There have been talks about the possibility of asking Congress to extend the First Time Home Buyer $8,000 Tax Credit. I, for one would love to see this pass.
The lower priced range homes in my service areas (greater Frisco TX) less than $300K have been selling as hot cakes. The Sellers are finally pricing their homes correctly. The interest rates have been historically low. This is a perfect heaven for home buying in the greater Frisco TX area. This is definitely helping the housing market like it was intended.
In addition to extending the First Time Home Buyer $8,000 Tax Credit, Congress, please expand the tax credit to include ALL home buyers - not just first time home buyers. This will definitely spur our local economy, and all the related businesses thereof.
Expansion to this tax credit to include:
$15,000 tax credit, not just $8,000
For ALL home buyers, not just first-time
Extension for 1 more year - into December 2010.
There are good deals to be bought here in greater Frisco TX areas. However, with the timing to coincide the current tax credit, buyers are no longer looking at short sales and foreclosure properties for fear that the dateline is not met.
If you are a first time home buyer looking to purchase, you should get in position on a contract by early October unless Congress extends the First TIme Home Buyer $8,000 Tax Credit.
We need as many people as we possible can to take action to ask Congress to extend and expand this First Time Home Buyer $8000 Tax Credit.
Please click here to submit your request for Plea here.
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3 Comments on Would Congress Please Extend the First Time Home Buyer $8,000 Tax Credit?
SEP
17
2009
I agree with the post except if it were to be raised anymore than the $8,000 then what happens to those buyers who just closed with that amount....if you leave them out then those buyers looking to receive 15,000 may hold off to see if it would be raised again....just my thoughts... as the cycle goes on
Erica, I just commented on another post about this same issue. I'm all for the extension but for ease of passage, I don't recommend making any changes. It's much easier to get Congress to just " check here " rather than complicating things at this point. Let's keep our fingers crossed that we just stay the course.
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The lower priced range homes in my service areas (greater Frisco TX) less than $300K have been selling as hot cakes. The Sellers are finally pricing their homes correctly. The interest rates have been historically low. This is a perfect heaven for home buying in the greater Frisco TX area. This is definitely helping the housing market like it was intended.
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I agree with the post except if it were to be raised anymore than the $8,000 then what happens to those buyers who just closed with that amount....if you leave them out then those buyers looking to receive 15,000 may hold off to see if it would be raised again....just my thoughts... as the cycle goes on