First-Time Buyer Tax Credit Ends December 1st!

Despite the doors it can open for first-time buyers, many consumers still don’t know about the $8,000 tax credit. The first-time home buyer tax credit, which Congress in February increased to $8,000 from $7,500 and eliminated the repayment requirement, is an incentive you’d expect consumers to be clamoring about. But many buyers who are prime candidates for the credit aren’t even aware of it! A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Frequently Asked Questions About the Home Buyer Tax Credit are at the following link;

$8,000 Home Buyer Tax Credit at a Glance
American Recovery and Reinvestment Act of 2009.
The tax credit is for first-time home buyers only.
For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
The tax credit does not have to be repaid.
The tax credit is equal to 10 percent of the home’s purchase price up to a
maximum of $8,000.
The credit is available for homes purchased on or
after January 1, 2009 and before December 1, 2009.
Single taxpayers with incomes up to $75,000 and
married couples with incomes up to $150,000 qualify for the full tax credit.
More Information:
First-Time Homebuyer Credit
Expanded Tax Break Available for 2009 First-Time Homebuyers

Helping Hand or Crazy?

Well, we spent last week not only trying to keep a deal together on a short sale but also actually getting dirty and sweaty moving a sellers belongings out of her house and into her storage units. Sometimes I think I am losing my mind! It’s one thing to go above and beyond the job description but to not even be appreciated for doing it, never mind compensated, but then also have the deal fall apart because the buyer just decides to walk away for no reasonable reason, she has obviously changed her mind and found another house she must like better, is just crazy! Of course the good thing is that the buyer is now out and settled into her new place and would not have been so if we did not move her and thank god for a father and son team that helped us, without them we would have never made our deadline! There are such good people around us and then there are the ones who are either crazy or just have no regard for anyone but themselves and we can only decide which one we want to be known as and run with it. In the end you might still be talked about and someone else may look at the situation a different way than you see it, but inside you know who you are and why you did what you did and if you are true to yourself and have compassion for others you wont have anything to worry about. I would rather do what I feel is right in my heart than do nothing. I just really dont like working for free!