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Yes, No, Yes, No, Yes, No

By Todd Pierceall

Real Estate Agent with Prestige Properties

May 23, 2009 06:58 AM

Does anybody have any idea if the tax credit is going to be allowed as down payments? It was then it wasn't. Now it is again but not until they teak it a little and try to refine the requirements. So..... is it?

Seriously, if anybody knows more about this I would love to hear it. From my understanding there are several states that had programs in place already that facilitated this move and are allowed to use the tax credit right now. If you are in one of those states let us hear from you and how it is working (or is it?)

I know there are pros and cons to this program, of which I am not going to currently weigh in on, but I would like to know if this is a viable option that is available to my buyers.

Thanks

Todd Pierceall
Prestige Properties
www .prestigeproperties4u.com

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Ron Maruca

Charles Rutenberg Realty - Fort Lauderdale, FL

That's what I read about 20 to 30 days ago . In an artical from Fl. Gov.

May 23, 2009 07:05 AM

Yolanda Hoversten

Self Employed - O'Fallon, IL

Referrals for O’Fallon, IL & the Metro East

It's a definite maybe.

May 23, 2009 07:20 AM

Todd Pierceall

Prestige Properties - Gastonia, NC

Yolanda, that is the most accurate answer I have seen yet! LOL

May 23, 2009 07:21 AM

John Mulkey

TheHousingGuru.com - Waleska, GA

Housing Guru

Todd, I think the government is going to announce a workable solution within the next few weeks. They have a bit of egg on their faces from the premature announcement, and if nothing else, need to make it work to avoid the embarrassment they created. With some states already having programs in place, I think we'll see something universal very soon. I think the only question is when, not if.

May 23, 2009 07:38 AM

Gordon Sloan

Group1 Real Estate, selling houses in Salt Lake City Utah - Salt Lake City, UT

Salt Lake Homes For Sale, Salt Lake Real Estate

I am still embarrased, and think I have proof of my stupidity still flittering around the bloggesphere.

I will be a little slower to clear leather if this is ever declared a go again.

May 23, 2009 08:04 AM

Dana Wilkinson

Connect Realty, The Woodlands, TX - The Woodlands, TX

Broker-Your TX agent for The Woodlands-Spring-Conr

I hope it is sooner, rather than later! It would be a big boost to business, since I enjoy working with first time buyers.

May 23, 2009 08:05 AM

Yes, No, Yes, No, Yes, No

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