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

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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Rainer
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Brian Belcher
RE/MAX Metro Realty - Charlotte, NC
Charlotte Realtor

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

Feb 05, 2009 09:53 PM #1
Rainer
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David Field, Coldwell Banker, The Home Field Team Illinois Licensed Real Estate Brokerage
Home Field Realtors - Naperville, IL

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

Feb 05, 2009 10:04 PM #2
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David Field, Coldwell Banker, The Home Field Team Illinois Licensed Real Estate Brokerage

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