Great YouTube video explaining how Interest rates work and it's affect on you.
With the Jeopardy tune humming in the background, I encourage you to start the processes NOW (as in Today) if you are looking to pursue the First Time Home Buyers or qualified Existing Home Buyer credits. The deadline to submit a contact is the end of April, BUT the landscape of real estate and mortgages has changed drastically as recently as the past two weeks. Don't procrastinate on this one and miss an incredible opportunity.
In speaking with a potential client last night, he mentioned that they were just beginning the process. I hear this quite often and I applauded him for starting now because even though the new year bells are still ringing in our ears, the April deadline is only 15 weeks or so away.
Check into it now and at least explore the opportunities so you can make some educated decisions!
Ok....now try to get the tune out of your head!!!
Cheers
Buckle your seat belts and hold on because I believe that through April 30th we will see up to 50% of 2010 real estate business conducted.
Not only have we seen an extension of the first time home buyer tax credit of $8000, they have expanded it to many existing home owners as well ($6500). This is literally money taken right off your taxes. If you get typically get a return, plan on getting a bigger one.
This is a historic time of great inventory, low prices, and most importantly low mortgage rates. In most situations, your mortgage rate is more important than a slight drop in prices. The price tag is the bullseye, but savvy buyers recognize the bigger picture of all these elements together. Now add in the tax credits and viola...this is an AMAZING opportunity.
Call or email to see if you qualify and what you need to do to get your share of this very tasty real estate pie!
Great news, the House has passed the $8000 First Time Home Buyer Tax Credit with several provisions. It is now awaiting the President's signature.
The Tax Credit will be extended to April 30, 2010.
However, if you are currently a homeowner and have lived in your principal residence consecutively for five of the previous 8 years and qualify within the income limits, you will be eligible for a $6500 tax credit. This credit will terminate April 30, 2010.
Click the link below for more information on the proposed law.
This is great news that the National Association of Realtors and Washington Realtors have been lobbying for. This will now allow the "move up" buyer to take advantage of the $6500 tax credit allowing more movement of inventory.
The current $8000 tax credit has allowed 7000 more homes to be sold just in Washington State.
Buyers, now is the time to buy with this extended tax credit, low interest rates and a nice supply of inventory.
Credit Extension Info
This time it is National Geographic's list of Top Adventure Towns!
http://adventure.nationalgeographic.com/weekend-getaways/washington/bellingham-travel
When I moved here 20 years ago to go to school I had no idea where Bellingham was, but it didn't take me long to figure out this was a great place to call HOME.
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