The first time buyer tax credit has 16 days remaining! You must be under contract by April 30, 2010 and close by the end of June to qualify. If you have been thinking about it or wondering about it, or busy with other things, now is the time to act.
The best part is timing could not be better:
There are great deals on the market in, (Condos for less than rent plus the tax credit)
Many great Single Family Detached homes for fantastic prices (here are over 100 Raleigh homes listed between $100,000- $125,000)
All things (sales levels, inventory levels, number of showings, average sales prices) indicate we are probably at the bottom on pricing.
Mortgage rates are still great.
Someone could buy a townhouse for $100k, (here are 77 townhouses listed between 90,000-110,000) have a payment in the $800 range including taxes and insurance and get $8,000 tax credit, that would mean they live rent/mortgage payment free for 10 months not including next years deduction of interest on taxes. Not bad. Plenty of money to make your new place feel like home!
Take advantage of this tax credit, $8,000 in after tax money is great! We can help you get a mortgage approval, show you homes and make this happen if you want it to, goto www.ChangingStreets.com or call 919.747.4360. We work around your schedule.
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