Gov't Incentives a Home Run for Buyers in Chicago and Naperville

By
Real Estate Agent with Home Field Realtors

Home Buyers May Hit a Home Run This Spring!

On Wednesday February 5th, 2009 the Senate included an amendment to the Economic Stilulus Bill that could signal a recovery for the Real Estate market sooner then we all think.  The amendment would provide a Tax Credit to all home buyers of 10% of the purchase price up to $15,000!  This would be available for a one year period to all purchasers of primary residences.

In addition, Amendment 353, would provide 30 year fixed financing at a rate of about 4% for anyone purchasing a primary residence!!!

If these two provisions pass, this could spark a dramatic turn around to the Real Estate market in many areas of the country, and right here in the greater Chicago and Naperville area.  Please stay tuned for further updates as President Obama and the Senate work to expedite passage of the Economic Stimulus Bill.

Visit www.HomeFieldRealtors.com to search homes via the Multiple Listing Service with Google Map technology, buyer negotiation strategies, purchasing tips and more... 

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Topic:
Home Buying
Location:
Illinois
Tags:
naperville real estate

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Rainer
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Brian Belcher
Charlotte Realtor
RE/MAX Metro Realty

Hey, great post. Thanks for the information about your area.

February 05, 2009 09:53 PM
Rainer
7,288
Home Field Realtors Illinois Licensed Real Estate Brokerage
Home Field Realtors

From what I heard, we should know more from Capitol Hill around the third week of February...

February 05, 2009 10:04 PM
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Rainer
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Home Field Realtors Illinois Licensed Real Estate Brokerage

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