Update on Tax Credit to Home Buyers

Real Estate Agent with Weidel Realtors

The current version of the stimulas package passed by Congress eleiminated the proposed $15,000 tax credit for home buyers. Instead, the tax credit which is now offered is $8000 and is extended to the end of 2009. 

In my opinion, this may be a better alternative to many people. The $15,000 would have been taken over a 2 year period. This means that the home buyer would have to owe taxes of $7500 each year taken. Increasing the amount to $8000 is actually more for the first year. This is a generous number and should help many first time home buyers get off the fence now.

Call me if you are looking to buy in New Jersey and we can talk about this credit and the Smart Growth State program.


Veronica DeCarolis  908-313-5052

Weidel Realtors


Comments (3)

Sharon Harris
Keller Williams Keystone Realty - Hanover, PA

I am with you on this. Anything to get the buyers off the fence.

Feb 13, 2009 01:13 AM
Chris & Karen Highland
eXp Realty - Frederick, MD
Integrity, Experience, Enthusiasm!

Thanks for the update.  Lets hope its enough to get buyers in the game.  Now if the banks will just start lending....

Feb 13, 2009 09:22 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Veronica - I am also with you on this one and have featured you blog at:


Feb 17, 2009 06:29 PM