Money in your pocket

By
Real Estate Agent with Preferred Minot Real Estate

To those of you thinking of selling.....Now is the time.  Uncle Sam is offering a tax credit for purchasing a new home.....has to be before a certain date in order to get it.

With the delays in getting paperwork done, titles cleared, and appraisals done, you owe it to yourself to not delay any longer.

How does this benefit a seller????  You need a buyer for your home...If you put it on the market now, it is quite possible it will be under contract before the homebuyer credit is off the table.  That means the buyer for your house will get a break on taxes....which means they are going to be buying now and not later. 

It seems that every spring ....April, May, June especially, sellers decide to sell, because their yards look nicer, in our area of the country, the snow is usually gone (most of it anyway), sellers want to put their houses on the market.  This year it has to be now.

The best of both worlds is that you sell to a buyer who can get the tax credit, and you buy and get closed before the program is over.

You are wondering if the Government will continue this program????  Highly unlikely!  Everything we are hearing at this time is that it will not be renewed because it is costing the government way too much money. 

Happy Valentine's day.....this info is my Valentine to you!

 

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Topic:
ActiveRain Community
Location:
North Dakota
Tags:
minot nd real estate
minot afb
sellers
buyers
minot houses
homes

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Rainmaker
638,092
Elite Home Sales Team
Tenacious and skilled real estate team
Keller Williams Realty

Now is the best time to buy and get a tax credit, low interest rates, and reduced price of a home.  All of these are not going to be there this summer.

February 15, 2010 01:27 AM
Anonymous
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Rainer
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Lloyd Ann Caston

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