What impacts will I see in the real estate market with the American Recovery and Reinvestment Act of 2009?
American Recovery and Reinvestment Act of 2009
This information can be found on the website; the National Assocation of Realtors. The one I believe to have the largest impact on the real estate industry is the $8,000 tax credit. If you are a first-time home buyer, with low interest rates and the $8,000 tax credit, call Jeremy Williams of Keller Williams Realty NE to begin your home search today and take advantage of the current opportunities.
Brief Explanation of the Homebuyer Tax Credit
- $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009
- Credit does not require repayment.
- Credit will be claimed on a tax return to reduce the purchaser's income tax liability.
- If any credit remains unused, the unused amount will be refunded to the purchaser in the form of a check.
To obtain more information, contact your CPA to see how you can take advantage of this tax credit as a first-time homebuyer.
Jeremy Williams is a residential real estate specialist with Keller Williams Realty NE located in Kingwood TX. Jeremy provides real estate services to Kingwood, Humble, Atascocita, Fall Creek, Summerwood, Eagle Springs, Lakeshore, and Walden on Lake Houston. For more information visit www.williams4yourhome.com or read more at Jeremy's blog NE Houston Real Estate | Williams4YourHome.