$8,000 First Time Home Buyer Tax Credit
Another great reason that now is the right time to buy is the incentive that the government is offering. They are currently offering a tax credit to first time home buyers. The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified 1st time home buyers purchasing a principle residence on or after January 1, 2009 and before December 1, 2009.
The definition of a first time home buyer is defined as a buyer who has not owned a principle residence during the 3 year period prior to the current purchase. In the case of married couples both spouses history s included. The tax credit amount is equal to 10% of the purchase price up to $8,000. there are income limits considered for this program 0f $75,000 for a single tax payer and $150,000 for married tax payers. for more info please contact us on Bruder Properties or go to this site
Wednesday, April 29, 2009
Contact Us
Come visit us on Facebook. I you have any questions or concerns regarding any of your real estate needs please fell free to e-mail us
Come visit us on Facebook. I you have any questions or concerns regarding any of your real estate needs please fell free to e-mail us
Why Invest in Real Estate
In these troubled times we are all looking for a good, solid investment. With the instability of the stock markets and the banks failing, where do you turn? Real estate. I know what your thinking, 'the real estate market is in a terrible down turn, why would I buy now?' In essence, it is a rhetorical question because with the real estate market is in a terrible down turn, now is the time to buy. The free fall will not last forever and indicators are showing that we are close to hitting the bottom which means the greatest value and upside are upon us. Look at it this way, the population continues to grow annually while the amount of inhabitable land remains constant. As the population grows the demand for real real estate will grow. It is a simple rule of supply and demand. Now is the time to buy!
In these troubled times we are all looking for a good, solid investment. With the instability of the stock markets and the banks failing, where do you turn? Real estate. I know what your thinking, 'the real estate market is in a terrible down turn, why would I buy now?' In essence, it is a rhetorical question because with the real estate market is in a terrible down turn, now is the time to buy. The free fall will not last forever and indicators are showing that we are close to hitting the bottom which means the greatest value and upside are upon us. Look at it this way, the population continues to grow annually while the amount of inhabitable land remains constant. As the population grows the demand for real real estate will grow. It is a simple rule of supply and demand. Now is the time to buy!
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