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Many Buyers Are Rushing to Buy Homes To Qualify For The $8,000 Tax Credit!

By
Real Estate Agent with ERA Realty Center

Has anyone seen anyone qualify yet for the $6500 tax credit?  I think that is probably the least understood of the tax credits, and I wonder if very many people are taking advantage of it.  The tax credit for those who have not owned a home in the last 3 years is definitely the popular one.  I'm not sure the word really got out that you may qualify for $6500 tax credit even if you have owned a home!  What do you think?

I'm hoping it is not too late for the large number of buyers looking for homes to realize their dream of home ownership in time to qualify for the $8000 or $6500 if they meet their criteria.  We are seeing multiple offers and disappointed buyers who do not end up with the winning offer on our foreclosed property listings.  The race is on!

If you are still looking for your home, I recommend making your offer in time to get the seller signature which is required before it is considered under contract.  That must be done by April 30, and then it must close by June 30.  Have fun, but run quickly!

If there is anything Janet and her team of licensed assistants can do to help with your real estate needs and give you top service, please call today at 435-865-1019 or 800-934-3742 or email nasibitt@infowest.com.  Check out the inventory of homes by clicking on search MLS on www.homesincedarcity.com.  Then Janet and her team can help you with every home!

Comments (6)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Now is the time and this tax credit is going away.  How do you feel the removal of the tax credit will effect the market?

Apr 16, 2010 05:48 PM
Janet Naisbitt-Bagley
ERA Realty Center - Cedar City, UT

Home shopping is fun!  Enjoy the search whether or not the tax credit can be obtained!  The real joy is in owning your own home.  Don't you agree?

Apr 16, 2010 05:48 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Yes, I do agree that the motivation is not the tax credit.  It is just a perk at this time.

Apr 16, 2010 05:51 PM
Randy Dodd
Rosanna's Realty - Abilene, TX
ePro, GRI, TAHS

I let people know that the tax credit in a bonus to buying now, not the reason to buy. They should not buy for the tax credit

 

Apr 16, 2010 06:01 PM
Karen Watkins
LRA Real Estate Group LLC - Mesa, AZ

good info. thanks for the effort on your post.

Karen

Apr 16, 2010 06:18 PM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

We are crazy busy with offers coming in, sometimes multiple offers! I hope it doesn't slow down after the end of the month.  I think people are tired of waiting and are ready to buy!

Apr 17, 2010 01:48 AM