Seattle real estate & the stimulus package

An e-mail from the Association of Washington State Realtors reports:
"The $790 billion stimulus package signed by President Obama today increases the home buyer tax credit to $8,000, drops the repayment feature, reinstates last year's 2008 loan limits for FHA, Freddie Mac, and Fannie Mae loans, and provides $2 billion in additional funding for states and localities to be used to purchase, manage, repair and resell foreclosed and abandoned properties. Many elements included in HR 1 "American Recovery and Reinvestment Act of 2009," were supported by the National Association of REALTORS® (NAR) as well as the many REALTORS® who sent call to action messages to Congress urging their support!"

So how does this affect us here in Seattle? Although the real estate market in each area is unique unto itself, "stimulus" is a need we all have in common. Many buyers have been sitting on the fence waiting for reassurance, lower prices, lower interest rates (which can't get much lower), etc. This legislation is designed to put buyers into homes.

Is it time for you to buy?

If you are a first-time buyer, with good credit a good job and a source for a downpayment, times don't get much better than this.

Give me a call to talk about your particular situation and let's talk about how I can help you achieve the American Dream. 206-708-9800.