Why is Now a Great Time to be a First Time Homebuyer?

 

First off, you are considered a First Time Homebuyer if you have not owned a home for three years prior to your purchase.  

·         COMPETITIVE PRICES. Prices have come down to affordable levels, and many home builders have met the market by reducing pricing and adding “Extras” like granite, hardwood, and more!

·         You can now get the RIGHT home at the right price, instead of just A house that was the right price.

·         Historically LOW Interest Rates increases your purchasing power.  You can now get more home for your money.

·         TAX ADVANTAGES!  The federal government is offering a Tax Credit of up to $8,000 for First Time Homebuyers purchasing before December 31, 2009.  For details go to: http://www.federalhousingtaxcredit.com/

Ø  If you close on your new home by April 15^th, 2009, you can take the credit in 2008,   meaning you can get a refund amount due to you right away.  If you have already filed, you can amend your return with the same result.  Contact your accountant for details.

Ø  In Idaho, there is a loan available in anticipation of your first time home buyer tax credit refund.  Basically, you can borrow the amount you will receive as a refund because of the tax credit and use it toward your down payment and/or closing costs.  The terms are favorable, please see program details at: http://www.ihfa.org/idamortgage/homebuyer_tax_credit.asp

It has truly never been a better time to be a First Time Homebuyer with Low Interest Rates, Tax Advantages, and Competitive Home Prices.

 

Please contact info@o2marketinggroup.com for additional information.

This entry was posted on Saturday, March 28th, 2009 at 5:10 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.