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Home Buyers - Do You Hear That Sound? It's Opportunity Knocking...

By
Real Estate Agent with Charles Rutenberg Realty

I hear it...  If you are a first time home buyer it's not a whisper but a roar that you hear.  The $7500 Federal Tax Credit for first time buyers is up in less than 6 months.  For the purpose of the Federal Tax Credit the law defines "first-time home buyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase.  So, even if you owned a home over 3 years ago you are considered a first-time home buyer for tax purposes.

The $7500 Federal Tax Credit is a Dollar for Dollar refund or will decrease your tax bill and is paid back over 15 years.  This is just one of the oppourtnities that awaits you.  The most affordable prices in years and historically low interest rates makes NOW the time to buy a home.

To talk with me about your desire to purchase a home and take advantage of the $7500 Federal Tax Credit, please contact me.

For additional information about the $7500 Federal Tax Credit, please visit the IRS Website.

 Move To Lake Mary

 

Debbie Summers, Lake Mary REALTOR, ALHS, ePRO

407-758-1020 or  Debbie@MoveToLakeMary.com

Search for Homes For Sale in Lake Mary & Seminole County, Florida

Serving all of Central Florida:  Orlando, Lake Mary, Longwood, Sanford, Altamonte Springs, Winter Springs, Casselberry & Oviedo

Comments (4)

Trey Affolter
Keller Williams Realty - Tacoma, WA
Brings HOME Results!

Tie that in with current prices and interest rates...opportunity! - interest rates sure makes it more appealing for home buyers & owners considering refinancing and should motivate them. In the article Time to Get Off the Fence and Into a Home, the same message comes in an atricle from NYTimes.com offered by Your Money. Another source with this message was from Smart Money, Time to refinance -- or buy a home? Good information to pass on to our buyers.

Best wishes for 2009!

Trey Affolter

http://www.treysellshouses.com

Jan 03, 2009 03:01 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

It is not often in our history where we have seen interest rates this low COMBINED with such a large drop in home values. 09 could shape up as one of the best periods of time to buy a home.

Jan 03, 2009 03:40 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Hi Debbie

Great information regarding first time home buyer's, thanks for sharing.

Good luck and success

Lou Ludwig

Jan 03, 2009 05:19 AM
Ken Tracy
Coldwell Banker Residential - Naperville, IL
Helping clients buy and sell since 2005

Hi Debbie.

I WILL TAKE TWO!:)

Right on with the nice post.  First time home buyers should be feeling real good right now.

Thanks for writing,

Ken

Jan 03, 2009 05:30 AM