Home prices have fallen to historic lows and current economic data has shown that most local markets are starting to show signs of stability. It is a buyers' market and if you are serious about purchasing a home now is the time to act.
The home buyer tax credit ends April 30, 2010. If you are a first-time buyer or move-up buyer and are looking for a home you don't have much time. To qualify you must have a valid purchase contract by April 30, 2010 and must close on or before June 30, 2010.
Why will I hate myself if I don't buy now?
For move up buyers the tax credit is up to $6,500 and for first time home buyer the tax credit is up to $8,000. As a home buyer there is no better time to purchase a home and get tax incentives such as these.
If you are in the market for a home the National Association of REALTORS® is having a National Open House Weekend April 10-11, 2010. This even is a coordinated effort of all REALTORS® associations across the United States to make buyers aware of the government tax credits for home purchase. REALTORS® participating in this event will have blue balloons outside their open houses to show home buyers homes participating in this event.
Home prices have fallen to historic lows and current economic data has shown that most local markets are starting to show signs of stability. It is a buyers' market and if you are serious about purchasing a home now is the time to.
If you have questions about buying a home contact a local REALTOR®. For more information about the home buyer tax credit you can find the information on the IRS website.
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What Everybody Ought to Know About Short Sales in Arizona
A foreclosure and short sale are the same right? You would be surprised how many people think this is true.
Why is a Short Sale Better?
Having a REALTOR® who understand short sales and foreclosures goes a long way. Do not throw in the towel after the first round with the bank loss mitigation department. The first round can knock you out, some get up and go for the second round and make some progress, but a majority of homeowners quit after their loan modification is denied. This is the point where the homeowner has given up and is ready to walk away from the home.
