According to the national association of Realtors only 11% of the American public knows about the real estate tax credit. WOW! I’m shocked it so low!
If you have not heard the government is offering an $8,000 & a $6,500 tax credit to buyers who buy a home.
The $8,000 is for 1st time buyers, this doesn’t mean you have to be a true 1st time buyer an example could be own a home and moved out 3 years ago, you rent the home and have been renting for 3 years.
The 2nd credit is for people who own and want to move, example you purchased a home in 2000 and now want to move.
If you are under contract before April 30th 2010 and close on or before July 30th 2010 you could qualify for the tax credit for more info check out www.IRS.gov for more info.
If you know anyone who is renting right now, please pass this info on to them and ask them to consider buying as this is a buyers market and interest rates are low. However we are seeing in most areas of Pinellas that homes in good condition under $200,000 are going fast, homes under $100k in good condition and not short sales are like gold! No time to think or to pray, if you find something you like you need to act fast.
I’ve been showing homes to people who rent and they feel the will be saving money by buying now!
Don’t forget to check out our MLS Search from the main page. If you need any help or advice call me anytime.