DISQUS

getmls · 3 months ago

Is there any possibility with the current state of the economy especially the housing market that the $8000.00 tax credit will be extended for anlther year.

Jay Thompson · 3 months ago

I think it's entirely possible the 1st time homebuyer credit will be extended. But it's the government, so I sure wouldn't plan on it... As mentioned in the post, there are at least five bills floating about Washington to extend, and even expand the tax credit.

brandongreen · 3 months ago

Good reminder! I've had plenty of real estate buyers in Washington, DC, not realize that they need to close by Nov. 30.

Heather · 3 months ago

Congrats on the media coverage!

We've got 1st timers scrambling to get a house on the NW side of the Valley ourselves. Fingers crossed, we'll get 'er done. Just like Katie & you, we're looking at bank owned homes, dealing with bidding wars, offering list price or more, and even actively seeking out "traditional" sales (i.e. not short sales and not bank owned). Traditionals are few and far between but sometimes can be just the thing the buyer needs, wants and falls in love with.

Eric Yerke · 3 months ago

Good point. People need to be reminded that the tax credit ends, and they can't go out the day before and expect it to work. Buying a home is not like saving 40% off at your local department store.

Some careful planning is necessary at this point to seal that deal!

Team Jodi · 3 months ago

The points you make are perfect. I could not agree with you more. If buyers are going to take advantage of the tax credit, the time to be serious is now. There are many things that can slow the process up. Buyers should give themselves plenty of time to ensure that things will get done on time.

clarajames · 3 months ago

nice Option

Clara James · 3 months ago

Well this direct reduction in tax liability will really help the banks to recover the amount that they loss in sub prime mortgage . . .

JHresidential · 3 months ago

Your last sentence is the most important. We are working with several first time home buyers who got off the fence because of the tax credit. But what they are looking for is unique and not available very often. I would much rather they wait and find exactly what they want than buy something to get $8,000. I am not interested in any of my clients having buyer's remorse!

Jay- I called you from Austin several months ago because I found you on google and asked you if I should go for it regarding SEO/blogging ect. You inpsired me and we have been working hard. Check out our new site www.jhresidential.com.

Jay Thompson · 3 months ago

Looking good Jessica!

Indianapolis New Home Builders · 3 months ago

Great Points! This is a fantastic opportunity for 1st time home-buyers so don't procrastinate. The Indianapolis first time home-buyer market is strong thanks to the tax credit, so hopefully it will be extended, but we can't count on it.

Mortgage Man · 3 months ago

There's no way they actually let the first-time homebuyer tax credit expire this year...I think it's gonna be a permanent fixture, at least through the crisis...why would they pull something like that mid-crisis? Hell, nobody wants to lower home prices, so there's no other way to "increase affordability."

robertworthington · 3 months ago

The tax credit is good for the economy? REALLY? I don’t think so guys common now. Think about it, when the tax credit ends now or next year doesn’t matter because we’ll still be in the same position with the down economy. Bankers that were lending money to anyone is no different than a tax credit nor is it different than a bailout or cash for clunker. The taxpayers as a whole from coast to coast are paying for this behavior. Listen, you can’t borrow or promote your economy OUT OF A SLUMP. Look, when all the promotions are done, guess what? WE’LL BE IN THE SAME PLACE WE WERE GOING TO END UP AT IN THE FIRST PLACE! The economy MUST fix itself to truly regain strength. Our government so ruined this economy over the last 20 years from borrowing left and right and now citizens think that a first time home buyer tax credit will do the trick. Are people actually thinking a tax is a good thing? HAHA. Go somewhere that believes in redistribution of wealth tax credit buyers. I am ashamed of all who have used this tax credit thinking the government is actually helping you out. I own a small independent brokerage and have not worked with any buyers looking to purchase and claim the large tax credit. So when does our newly found soviet economy turn around...if we are lucky? Welcome to year 2100, assuming the USA takes on zero debt starting now.

dowelltaggart · 2 months ago

The first time home buyer tax credit should be extended. Here are my top seven reasons why: The Top 7 Reasons the $8,000 First Time Homebuyer Tax Credit Should be Extended http://bit.ly/9FKNQ

Gail · 2 months ago

I read ( http://www.savingtoinvest.com/2009/02/15000-fir... ) that the first time home buyer credit is being extended to 2010 and up to $15K. Any idea when this will be confirmed?

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