Have you been waiting around for that perfect house? Think the government will keep extending some version of the homebuyer tax credit? Think again! Last week the Fed announced they will be weaning us off the real estate stimulus package starting immediately. This means two things for you if you’re wanting to buy a new home: 1) you need to get yourself under contract by April 30th of this year and close by June 30th if you want to take advantage of either the First Time Buyer Tax Credit or the so-called Moveup Buyer Tax Credit (up to $8,000 or $6,500 respectively) and 2) rates are on the rise and could be as high as 6% within the next month or two according to many market analysts.
We’ve gotten so used to government subsidies the past couple of years, it might come as a shock to some that time is truly running out to take advantage of these stimulus packages, but it is TIME to find your new home! Give me a call if you need any help: 303-601-5197 or visit my website: www.homeWISEdenver.com.
