Real Estate Sales Representative with Partners Realty Group

With the FIRST-TIME HOMEBUYER CREDIT OF UP TO $8,000 and interest rates  at some of the lowest rates in ra history of 20years, I am amazed why we as Realtors aren't promoting this great gift to all potential buyers? But is it that we are not promoting it or---are buyers not listening---or too panic stricken to even consider taking a chance?  After all, isn't life  itself a chance?

I have read very recently that there has never been a better time to buy homes since Dwight D. Eisenhower was President.

I have posted this report on my website at

with permission from the author of the "New $8,000 -First-Time Homebuyer Tax Credit Report,  Julie Garton-Good for all to review.  If buyers want to take advantage of this credit, they will need to act quickly as it ends December 1st and it can take 45 to 60 days to close on a property in this real estate environment.  It's the Perfect Storm.  This article is very clearly written and answers your most basic questions on this tax credit.  As always if you have additional questions, your CPA is your best source of how this will apply to your situation.

It's PERFECT STORM;   A Storm because with the decline of property values.  seller foreclosures, short sales and bank owned properties. PERFECT because it a heavenly opportunity for first time buyers who can afford a home that was not within their means a mere two or so years ago; that coupled with some of the lowest interest rates in twenty years, puts first time buyers in a real position to purchase, to own their first home before the economy we are now experiencing recovers and they miss the opportunity. 

Some of the reasons I heard are "well what if we loose our jobs?"  Then what do we do?

My response was and is, and if you loose your job, won't the rent still be due?  Now I am not advocating that if you know your company is going to lay you off that you act irresponsibly.  In home ownership you have avenues to help you through the tough times   better than in a rent.  As the home owner you don't need permission from the landlord to rent out a room for additional help with  the new rent payment known as the mortgage which could be the price of the former rent.  It's yours and you do as you please other than you of course are not allowed to destroy the property.  all I am suggesting is see a lender and act responsibly.  Do your homework and see if this works for you. If it does, TIME IS OF THE ESSENCE AND DECEMBER 1ST IS THE DEADLINE, SO PLAY SAFE, CLOSE BEFORE DECEMBER 1ST!

So let me strongly urge all renters and potential buyers to check out this gift.  Go to my website and read the article for clarification---then call a lender and get pre-approved or--call me I can help. and out of my territory, not a problem I have a network of Qualified Buyers Agents  (ABR) that I can refer you to. 


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first time buyer
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Fran MacDonald

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