Tag: buyer credit

The Tax Credit Extension Has NOT Been Extended

Updated July 1 – Now the bill has passed both the House and the Senate, and is headed for the President’s desk.  Provided you were under contract by April 30th, you would NOW have until September 30th to receive the buyer credit rebate.  Whether you like the credit or not, it looks like it’ll be extended. As far as I can tell, the only people this really helps is buyers who have been waiting on short sales to close.  Short sales often take a notoriously long time to close, and so a buyer who went under contract on, say, March …

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Brandon Nicely Reminds Us – Again – About the First-Time Tax Credit

A question came in for Brandon Nicely on the blog over the weekend from Josh.  He wrote: Q: Brandon, what problems have you seen first-time buyers experience in applying for their tax credit? A: By now, most everyone has seen the basics of the tax credit: Sign a contract by April 31st, and close by July 1st If you haven’t owned a home for the last three years you’re eligible for up to $8000 back, and up to $6500 if you’ve owned your principle residence for 5 out of the last 8 years No repayment necessary if you live in …

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Why You Shouldn’t Wait To Use the First-Time Buyer Credit

We passed the first-time buyer credit, and it went so well we did it again, but with a twist.  This time, we offered up to $8000 back to first-time buyers, as well as another $6500 for people who were “moving-up”.  Again, here are the details … Get the Countdown Creator Pro widget and many other great free widgets at Widgetbox! Not seeing a widget? (More info)As we wind down to the expiration of the credit, I thought it might be a good reminder for folks.  If you’re going to utilize the credit, it’s probably not in your best interest to …

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What the Buyer Credit Extension Means for New River Valley Home Sales

The tax credit extension has been signed into law, and now people far and wide are wondering if it’ll create a Monopoly-like run on buying properties and collecting checks. I was thinking today about how the tax credit extension might affect home buyers in the New River Valley, and I’ve come to the conclusion that there really is no clear answer to that.  I know that I’ve worked with a lot of first-time buyers this year, and several of them have said that they would not have purchased if the $8000 was not available to them.  For that reason, I …

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Will The $8000 First-Time Buyer Credit Be Extended?

Get the <a href=”http://www.widgetbox.com/widget/countdown-pro” mce_href=”http://www.widgetbox.com/widget/countdown-pro”>Countdown Creator Pro</a> widget and many other <a href=”http://www.widgetbox.com/” mce_href=”http://www.widgetbox.com/”>great free widgets</a> at <a href=”http://www.widgetbox.com” mce_href=”http://www.widgetbox.com”>Widgetbox</a>! Not seeing a widget? (<a href=”http://docs.widgetbox.com/using-widgets/installing-widgets/why-cant-i-see-my-widget/” mce_href=”http://docs.widgetbox.com/using-widgets/installing-widgets/why-cant-i-see-my-widget/”>More info</a>)As we countdown to the expiration of the $8000 first-time buyer tax credit, the question everyone seems to be asking is “are we going to see the credit again?”  As I was speaking with a seller tonight, it was one of the questions he wanted to ask, and I’d bet at least once a day for the last few weeks has someone stopped me to ask whether I’ve heard that the first-time buyer …

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$8000 First-Time Home Buyer Credit Has An Expiration Date

That’s right, the first-time home buyer credit has an expiration date, and it’s rapidly approaching. My web designer doesn’t like it when I get real fancy and install too many things on this site, as I have a tendency to break things and make more work for everyone, but I did add a ticker to the right side of the blog a few days ago that I wanted to point out.  It looks like this: Get the <a href=”http://www.widgetbox.com/widget/countdown-pro” mce_href=”http://www.widgetbox.com/widget/countdown-pro”>Countdown Creator Pro</a> widget and many other <a href=”http://www.widgetbox.com/” mce_href=”http://www.widgetbox.com/”>great free widgets</a> at <a href=”http://www.widgetbox.com” mce_href=”http://www.widgetbox.com”>Widgetbox</a>! Hard to miss, right?  It’s …

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