Brookings April 2, 2010
Now's a great time to hop off the fence. Have you had your eye on the "perfect" house? Well, don't wait long. Change is coming. The tax credits offered by the IRS end April 30 for most buyers. You'll also want to talk with your lenders. The low, low, low interest rates available will soon go the way of the dinosaurs. With Uncle Sam ending the buy-down of the GSE's (Fannie Mae & Freddie Mac) rates will most likely start to rise.
The Extended Home Buyer credit offers as much as $8,000 to first time buyers or up to $6,500 for homeowners buying their next home. Some restrictions and limits apply. See below for eligiblity.
The Basics: Extended Home Buyer Tax Credit 2009/2010
For more information, contact:
Justin Fjeldos 605.691.1240 Justin@Brookings4Sale.com