November 15, 2009
So the big news in real estate is the official extension and expansion of the Home Buyer Tax Credit—both for first time buyers and now to current home owners too! Home purchases must be under contract by April 30, 2010.
For Buyers: now more than ever, it’s the best time to buy a home in recent history! Extremely low rates, great pricing, and now a credit for first time and move-up buyers, it’s a time of opportunity!
For Sellers: it means the market will continue to be strong through a season that is typically challenging to get your home sold. By stimulating demand, it should also help maintain property value as the tax credit makes it a perfect time to move up.
All in all, it is an opportune time to take advantage of improving market conditions. Please call us with any questions regarding the tax credit or to get a free property value analysis.
Here is a helpful site to address more details on the extended tax credit: click here.