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Are you are thinking of buying a home in the next year?  Or are you a Realtor that needs to sell more homes?

Then the article, "New Tax Credit may be worth pouncing on," written by Kenneth Harney in today's Washington Post is a must read...

This article is the clearest explantation I have read of the new tax credit, that took effect on November 6th...

While last years tax credit for "first time home buyers" impacted relatively few, I believe the new tax credit will have a major impact.

Not only does the new law extend the first time home buyer credit until June 30, 2010...

But now, most that have owned their home 5 years or more and buy another home will be eligible for a $6500 tax credit.  This describes almost everyone I know!

Whether a buyer is moving into a bigger home or downsizing to a small condo, most who have owned their current home 5 years will be eligible...

I believe this tax credit will be the nudge many need to fall off of the proverbial fence...

2010 is the year volume will return to the real estate market...

Are you ready?

Ken

A Realtor you can trust.

p.s.  I have found Kenneth Harney on Facebook and become a fan.  I am #24...

Kenneth Harney Washington Post on Facebook

 
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6 Comments on THE NEW HOMEBUYER TAX CREDIT. THIS COULD BE BIG...

NOV
13
2009
463,432 Points 12 Featured Posts Attended Rain Camp Called Shot Master

I'm not quite as optimistic as you.  I hope that you are right!

11:23pm • #1
NOV
14
2009
156,315 Points Localism Sponsor

Ken,

I think this could stimulate things for a bit, I am concerned about the picture for us a year and a half out from now.

9:54am • #2
385,813 Points 25 Featured Posts Outside Blog

Hi Janna and Heather.  I am feeling real good.

I know so many people who have put off moving.  This credit basically applies to anyone who has owned their home for 5 years...

I expect it to get some people moving!

Thanks again,

Ken

10:43am • #3

Blog on. If we can get the word out to home owners and show them the #s i can be great.  Let others set on the sideline but I am all over it.

Keep up the good work.

12:04pm • #4
325,312 Points

Ken-I agree with David "Blog On" lets get the word out!

5:07pm • #5
385,813 Points 25 Featured Posts Outside Blog

Hi David and Joseph.  Thanks for reading.

I am amazed how many will be eligible...

And I know many sitting on the fence.

Thanks again,

Ken

8:20pm • #6

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Ken Tracy Naperville Illinois Real Estate

Naperville, IL

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Keller Williams Infinity - Naperville

Address: Naperville, Lisle, Plainfield, Aurora, Downers Grove, Wheaton, Glen Ellyn

Cell Phone: (630) 697-0536

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My story. From rags to riches in the crazy world of real estate sales...



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