Thursday, August 20, 2009

Time running out on $8000 tax credit

Adding in the time it takes to close on a home purchase the time is getting tight to get the first time home buyers tax credit. Buy your Spokane real estate now!
clipped from www.spokesman.com

Buy a house, get paid

Market gets boost as tax credit motivates first-time buyers

Jared and Meredith Lyda expect to receive a check from the federal government within the next few weeks.

The $8,000 tax credit should cover the renovations the Coeur d’Alene newlyweds made to their first home, a three-bedroom, two-bathroom rancher they moved into on July 31. The tax credit for first-time homebuyers also allowed the Lydas to buy a slightly bigger, newer home than they expected.

“We knew immediately when we walked in the door,” said Meredith Lyda, an assistant manager at Starbucks. “It was a no-brainer.”

Activity has amped up as the tax credit’s Nov. 30 expiration approaches, Realtors say. Because closing a sale usually takes 45 to 60 days, buyers who hope to take advantage of the tax credit need to find homes soon, real estate professionals said.

Though interest rates and low prices also are driving sales, Hardie and other Realtors said the tax credit’s impact on the market is undeniable.
 blog it

1 comment:

SEO said...

Thanks for sharing this is amazing blog cabo san lucas homes for sale