$8000.00 Federal tax credit. If you only owe $2000.00 in taxes at the end of this (2008) and buy a home after Jan. of 2009, you will be eligible for the tax credit of $8000.00 in the form of a Government check , a reduction of the amount of income taxes that you owe, or a combination of the two. Do we all really understand this? I suggest that you get on the computer and do as much research on this topic that you can.
Home prices are at a low point in our economic cycle of ups and downs. Do you know what this means? You will never be able to time the market perfectly by design, but right now is an absolutely perfect time to buy that next home.
Now, $8000.00 TAX CREDIT + LOWEST HOME PRICES IN OUR ECONOMIC CYCLE, adds up to the WOW!!! factor. The same WOW factor that you will see in the face of a home buyer when they find their dream home.
What are you waiting for? Why haven't you called everyone that you know? Everyone in your circle of clients, friends and family? Call your bank and ask for a buyer information seminar. You co-lead the program. Offer refreshments. Don't offer refreshments. BUT, DOIT.
After a long career in finance, I KNOW that many, many people may have heard about this but really haven't let it sink in. Or, they just don't understand it.
This is the biggest thing to happen to our profession in a very long time.
Get the word out... Today.
Good luck to all of us.
See you at the closing.