Single adults face unique challenges when buying and selling a home. I know because I've done it myself, & a significant portion of my clients are single. This blog provides news & information you need to help you achieve your real estate goals. Alice Kuder, REALTOR®, Green. Prudential Northwest Realty Associates, Seattle, WA
Sunday, May 17, 2009
Tax Credit Now Available for Downpayment!
First time homebuyers (which includes anyone who hasn't owned a home for at least 3 years) can now use the $8,000 Federal Government tax credit as a partial downpayment on the purchase of their new home! Read this Seattle P-I article for more info, and/or call me at 206-708-9800 to discuss how you can take advantage of this great opportunity.
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3 comments:
Great info on the tax credit. I’m glad the IRS / federal government finally removed the repayment requirement. Now if we can get them to extend the credit beyond the November 09 cutoff, we’d be even better positioned for a housing upswing.
I couldn't agree more and I expect to see that happen. Also, since homes purchased under the current "offer" must be CLOSED by Dec. 1st, I suspect we will see a lot of scrambling in October as buyers rush to meet the deadline. If you assume 30 days for a typical closing, (and it will probably take longer at that point) that means offers will need to be made by about Nov. 1st. Even with lots of inventory it can take buyers 2-4 weeks to find the home they want to buy. That puts us at Oct. 1st... just 4 months away. Spread the word!
I totally agree with you Brandon.
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