Want an extra $8,000? If you’re a first-time homebuyer, you’re in for a nice gift.
Last fall, the Federal Government introduced a financial incentive to prospective first-time homebuyers, an income tax credit of up to $7,500. The rules were simple: You must have been a first-time homebuyer, (as defined by not owning a home in the previous three years), and you met certain income restrictions.
The new $8,000 tax credit is available to those who buy between January 1, 2009 and December 1, 2009. It’s not a deduction, it’s an actual credit. Unlike Read the rest of this entry »
Spoken by Julie Q. Fuelling |
Later this week, I will be at the closing table with a young couple who are purchasing their very first home. They have been delightful clients to work with and it will be an honor to sit with them as their dream comes true and the keys are turned over. Although I have sold real estate for 19 years, there is always something so special about helping first-time buyers.
Despite economic bleakness and the panic mode that has ensued, it is a buyers market and a great time to buy! My clients steadfastly proceeded in their pursuit of this most basic and universal American dream, a home of their own. Confident in their job security, with a sound down payment saved, good credit and the desire to change their lifestyle from apartment dwellers to home owners, we set out on our shared journey to find the right home.
It was not without pitfalls. There was a time of frustration when a house they bid on, a beautiful resale home, was swept out from under their offer by a higher bid. Read the rest of this entry »
Spoken by Julie Q. Fuelling |
Copyright © 2007 The Katy Texas Blog That Never Runs Dry 
