TAX CREDITS of $8000 and $6500! Buy a home NOW!

The U.S. Senate and House passed legislation that included an extension and expansion of the tax credit for homebuyers. President Obama signed the bill into law at the end of the week.

Everybody can now participate in purchasing a new home!  Right now...we are probably in the best buying time in the history of the real estate market.  Properties and interest rates continue to be at all-time lows...AND don't forget the $8000 First-Time Homebuyers Tax Credit you'll receive, if you have a signed contract by April 30, 2010!  This tax credit is also available to people who haven't owned a home for three or more years, and now there's an additional $6500 Tax Credit for people who have owned their current home for 5 or more years!     

The $8,000 first-time homebuyer tax credit will continue until April 30, 2010, and the income limits have been increased to $125,000 for single filers and $225,000 for join filers.

Additionally, current homeowners who have lived in their home for five of the previous eight years are eligible for a $6,500 tax credit.

There is a purchase price limit of $800,000 for the home, and it must be maintained as the purchaser's primary residence for three years or the tax credit will be due back to the IRS.

Unlike the current tax credit program, the extended program allows any purchaser who has a binding contract in place by April 30, 2010 to close by June 30, 2010 and still qualify.

Why should you use a Realtor?  If you are in the Houston or Galveston County, Texas areas...why should you email or call me at all?   Because I will save you huge amounts of time and aggravation, which will save you money in the long run.  I will set up a very specific home search, with exactly the criteria you give me, that will be emailed directly to you every time a new listing is put into the MLS System!  I will also represent YOU in all real estate transactions.  I won't be representing the Seller!  If you don't have a Realtor working for and representing you...it's like going to court without an attorney...not very wise.  And remember: A Buyer does not pay the Realtor's fee...Sellers do. 

So please...don't hesitate to contact me with any real estate questions you may have.  I am available for hire!