In the new stimulus package the $7500 tax credit has been tweaked!
It has essentially become a FREE DOWN PAYMENT THAT DOESN'T HAVE TO BE PAiED BACK!!!!!
From the NAR (Government Affairs)
Home buyer Tax Credit - a $7500 tax credit that will be available for qualified purchase of a principal residence by a first time home buyer between January 1, 2009 and September 1, 2009. The credit does not require repayment. Individuals who purchase in 2009 using financing assistance from state and local mortgage bonds will be permitted to use the credit, as well.
I think it is time to get the word out to that 20-30 age group demographic.
I am wondering if any of you recommend doing some radio spots???
I respect your input.
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Sincerely,
Greg Cavaiani
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