The Art of Real Estate » First Time Home Buyers Stimulus

First Time Home Buyers Stimulus: What Is It? Part 2

Heather — Tue, 04 Aug 2009 00:00:18 +0000

Now that we have touched base on just some of the incentives that are being offered up to home buyers, we are now going to talk about exactly what the first time home buyers stimulus is. During these hard, hard economic times, it is pretty hard to imagine that whatever price you are looking for in a home, you are not going to get. The cool thing about this particular program is that it is sort of like the cash for clunkers program – without you having to trade in your current residence.

I mentioned in the last blog about tax refunds and that is exactly what this particular program is. You can a tax credit of about 10% but a maximum of about $8,000 – which is honestly a pretty good deal. If you were going to buy a home anyway, this particular program is a fantastic one because you are basically going to be getting $8,000 shaved right off of the price right off of the bat!

Another cool thing about this program is that the tax credit is not refundable, so you do not have to pay it back in the end … which makes this deal that much sweeter right?

First Time Home Buyers Stimulus: What Is It?

Heather — Mon, 03 Aug 2009 00:00:00 +0000

The economy is in bad shape – businesses are constantly closing and when people are losing their jobs, they can not afford things like their home. This is one of the main reasons why so many houses have slipped over into a foreclosed home and the hardest part about that is that people are not buying their home either.

People are looking for the best deal and while they can find it right now – they do not want to commit themselves. However, if you are ready to commit, there are some things that you can do to ensure you are getting the best deal.

One thing that I have noticed about the real estate market and just what the government is doing for the housing market is taking all sorts of different approaches in the form of loan refinancing, loan modification and finally, the first time home buyers stimulus. Also, tax rebates are a-plenty when you buy certain homes, which is always an added incentive. However – what is the first time home buyers stimulus?

That is exactly what we are going to talk about in the next blog – you will be amazed at this incredible program, I can assure you of that!