Home Buyer Tax Credit

If you're looking to buy or sell real estate now is the time!

BUYING:

Buyers, right now you may qualify for the Home Buyer Tax Credit. For first-time home buyers the credit is $8000 and for existing homeowners it's $6500. To clarify you must have a home under contract by April 30, 2010 and then it must close on or before June 30, 2010. The home you purchase must be your primary residence and you have to live in the home for three years in order to avoid repaying the credit. For more info follow the link below:

http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit

On top of that there are plenty of amazing deals right now on the market and interest rates today are still hovering around 5%. It's the perfect mix to enhance an already amazing buyers market.

SELLING:

If you're selling a home, the bad news is that you've probably seen a decline in value of your home over the last year and a half. The good news is that decline is quite a bit less than most spots in the nation (12-15% vs. 50-60% in some locations). The other bit of good news is that with such a great buyers market home sales have increased and people are selling their homes!