Now is a great time to buy!
Posted Nov 9, 2009 @ 12:03 pm, Viewed by 109 Visitors, Read 111 Times.Now is a great time to buy!
On November 6th, 2009, Obama agreed to extend the existing $8,000 tax credit for first-time homebuyers. The credit will also be extended to a slightly larger pool of buyers by offering a credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years. Income caps for existing owners are $125,000 for single filers and $225,000 for joint filers. These buyers are limited to a purchase price of up to $800,000. The tax credits are available to homebuyers who sign sales agreements by the end of April, 2010. They would have until the end of June 2010 to close on their new homes. This is great news and will definitely help stimulate both buyers and sellers. Click here to search for homes in Boulder, Colorado.
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Greg is the managing Broker of RE/MAX Alliance and President of Hinkelman, Smith & Associates. He currently manages 75 agents and 13 staff members. Read More
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