My Letter to My U.S. Congressional Representatives - Please Extend the Homebuyer Tax Credit!

By
Real Estate Agent with RE/MAX Around Atlanta GA RE License #296541

Interested in taking action and urging your U.S. Congressional Representatives to extend the homebuyer tax credit?

Good! So am I!

I sent this letter to both my state senators and my state representative in Congress: Senator Saxby Chambliss, Senator Johnny Isakson and Representative Tom Price - if you would like to do the same, it's simple. Just copy and paste my letter (below) and send it to your representatives.

For a quick and easy way to find your representatives and how to contact them via e-mail, snail mail and/or telephone, click here.

Follow the simple instructions and then let the emails fly! And while you're at it, bookmark the site, so that you can contact your representatives for any issue that you are passionate about. Let your voice be heard!

*     *     *     *     *     *     *

Dear Representative,

As a Realtor and a constituent, I can assure you that the $8,000 first-time homebuyer tax credit has definitely been a success. Homebuyer interest and housing sales increased almost as soon as the ink was dry on the tax credit legislation. Today's lower prices and interest rates appeal to consumers, but it's been the tax credit that has attracted people to open houses and to homeownership.

That progress could grind to a halt sooner than you think. Congress must act NOW to extend the credit through 2010. Otherwise, uncertainty will return and the market might again be frozen -- possibly as soon as October.

A homebuyer is eligible for the tax credit only if the home is "purchased" before December 1, 2009. That means that buyers have to find a house, complete a contract, satisfy any contingencies, secure financing and go to closing by November 30. Accomplishing those tasks by November 30 will become more difficult with every passing day. In today's market, it generally takes between 45 and 60 days to go from contract to closing.

The market has improved, but it has not yet fully corrected itself. The credit needs to be extended for an additional period of time and expanded in order to build upon the progress that's been made. Uncertainty about the future of the credit will dampen consumer demand. The best way to assure continued housing activity is to extend and expand the credit and to do that NOW.

We can't wait until late in the year to see what happens. Consumers will drop out soon if they can't predict what's in their future. Please act NOW to extend and expand the credit through 2010.

Sincerely,

Maura Neill

 

 Subscribe to The Gebhardt Group's Real Estate blog today!

Maura Neill, ABR, CRS, MA
The Gebhardt Group
RE/MAX Greater Atlanta
10220 Medlock Bridge Road
Johns Creek, GA 30097

(770) 238-0595
email: Maura@GebhardtGroup.com
website: http://www.GebhardtGroup.com/
blog: http://www.GebhardtGroupBlog.com/

facebook  twitter  flickr  LinkedIn

Page copy protected against web site content infringement by Copyscape

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Georgia Fulton County Alpharetta
Groups:
Realtors®
RE/MAX Active Rain Bloggers
North Georgia Real Estate
Almost Anything Goes
Building Your Niche
Tags:
home buyer
congress
tax credit
first time homebuyers
home buyers
the gebhardt group
maura neill

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
96,191

Maura Neill

North Metro Atlanta Real Estate
Ask me a question
*
*
*
*
Spam prevention