It’s Official the Homebuyer Tax Credit Is Extended and Expanded

On Friday, November 6^th, 2009 President Obama signed the bill providing an extension of jobless benefits and the extension and expansion of the homebuyer tax credit.  The extension applies to the current first time homebuyer tax credit and the expansion now includes existing homeowners.  Want to hear more?  Then, follow me.

FIRST let me say loud and clear CONSULT A TAX PROFESSIONAL to determine your ability to qualify for this credit!  I am giving you the basic “rules of engagement”.  Your tax position will ultimately determine your eligibility.  With that said, let’s continue.  

First Time Homebuyers – Could This Be You?
A first time homebuyer is defined as one who has not had an interest in

10 Great Reasons to Buy Real Estate Today!

1.       Housing prices are LOW!  In February, Metro Atlanta Home prices reached a 10 year low.  FMLS statistics show that the average home price was $176,378.  You would have to go back to December of 1998 to find lower average pricing.

2.       Selection is still great!  Even though the number of available properties for sale in Metro Atlanta has decreased from its peak, there are still plenty of fantastic properties on the market.  Whether you’re in the market for move-in ready, a fixer-upper or new construction you’re sure to find a great place to call home. 

3.       Great mortgage rates!  With mortgage rates hovering around 4.5 – 5.5 %, the cost of financing is at a 40 year low.  The combination of amazingly discounted prices, abundant home offerings and fabulously low rates makes the perfect storm for buying opportunities.

4.       Sellers are motivated!  Great incentives are often available on bank owned, corporate owned, new homes and owner occupied re-sales.  Some items you may find negotiable:  seller paid closing costs, home warranties, HOA dues for 1 year, appliance packages, carpet upgrades and/or other repairs to name a few.