It is true that the government has really been stepping in and helping to revive the economy with their 2009 stimulus package and boosting buyer confidence in home buying as well with the $8,000 tax credit for first time buyers. What they are not telling you is; who are the ones that are eligible for this program. There are a lot of great things about this bill, but there is some fine print to read as well. Did you know that the home must be at least $80,000 for the purchase price? Did you know that if you have had any interest in a property in the last 3 years, you are not eliglble for the credit? Get all the tax credit facts before you buy.
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert
Why the Beware headline??? we should be EMBRACING this not making buyers nervous!!!
Mar 04, 2009 11:48 AM
Wilkinson & Associates Realty - Davidson, NC
Joe,
Thank you for the response. I agree 100% that we should be embracing this program, which I am doing. However, I have had at least 3 different clients this week alone who are upset that they are not eligible for the program. There are so many different caveats to the program, I just want the buyers to know what they are jumping into before they purchase with the mis-conception that they will receive all of this $8,000 and at once. I am in no way trying to make buyers nervous, but I do believe that they should be completely aware of the fine print in the bill, that may or may not qualify them for the program. I love helping buyers purchase homes, I have built my business upon doing so and will do anything in my power to assist them, however I also do not want them to go into contract thinking one thing and actually getting another.
Mar 04, 2009 11:41 PM
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