By now you've probably heard that the government is offering up to $8,000 in tax credit to First-Time Homebuyers. You may not have heard that there is also a $6,500 tax credit available to folks who have owned a home for at least 5 years and are buying another one! There are some great opportunities out there if you are thinking of buying your first home, or are ready to move up to your next one!
Interest rates are still at RECORD LOWS, which means that you can now buy more house with your money! Did you know that lately most interest rates have been less than 5%? Many companies have been hovering around 4.75% lately. So, let's look at our scenario:
- Lots of HUNGRY SELLERS out there just waiting to sell their homes to you at discounted prices
- Interest Rates around 4.75%
- Free Tax Credit money available at up to $8,000 for first-time homebuyers and $6,500 for qualifying homeowners
- Tons of FORECLOSED and BANK OWNED homes on the market that are currently being sold below market value
What does all this mean?
With a deadline on the tax credit for April 30, 2010, it means that you NEED to act now if you're thinking about buying. Who knows when interest rates will go back up? Take the opportunity to call me today and I'll explain how to get started. Call me at 256.541.0491 today!
Here is a chart addressing all of the rules and stipulations of the home buyer credits put together by the National Association of Realtors:
Want to start your search today?
$8000 Tax Credits for House Buying - MUST ACT NOW!
Joshua B. Pettus
Home Grown Real Estate