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Showing posts with the label first time buyer tax credit

Jacksonville First Time Buyers

Be careful what you wish for! I predict that we're going to have an amazing number of first time buyers entering this market in the next 2 weeks! Are you prepared? First time buyers are the funnest, and the most challenging clients I've ever worked with!! Never a dull moment. They are smart, they're internet savvy, they have already looked at a LOT of houses on Realtor.com and other sites and they are READY TO GO! We are under a very tight deadline. We must have a contract signed, sealed and delivered no later than April 30th. That seems so far away right now--it's not! After getting the deal done, we can close as late as June 30th. In this market, the first timers are all looking in the same price range. I am starting to see multiple offers on homes already! Are you ready to get educated on how the process works? Some of my first timers are confused and have lots of questions. Multiple offers and homes sold above the asking price will be here this Spring...

Tax Credit for First Time Buyers Extended!

Congress Passes Homebuyer Tax Credit Posted By Steve Cook On November 5, 2009 @ 3:31 pm In Beyond Today's News, Crisis Programs | No Comments After the Senate gave final approval last night without a dissenting vote, the House of Representatives voted overwhelmingly this afternoon to pass legislation containing an extension and expansion of the homebuyer tax credit, completing Congressional action and sending the tax credit to President Obama for his signature, possibly as early as tomorrow. The $8,000 homebuyer tax credit for first-time buyers, due to expire in 25 days, will be extended through April 30 of next year and buyers will have an additional two months, until the end of June, to close. First-time buyers who are in process of making a purchase will no longer need to worry about qualifying for the $8,000 credit if they close after the November 30 deadline. The new legislation increases the income limit for couples with income up to $225,000, a nearly $55,000 increase abov...