Congress enacts bigger and better Home Buyer Tax Credit.

What could be better than getting free money from the government? A tax credit of up to $8,000 is now available for qualified first-time home buyers (buyers who have never owned a home, or have not owned in the last three years). To qualify, you must purchase a principal residence with settlement occurring by December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. For more information, visit:

http://www.federalhousingtaxcredit.com/

Now really is the time to buy.

This tax credit must be used in 2009, which means there is a risk in waiting to buy a new home. Think of it this way - If we are near, or at,"bottom" in the housing market, then home prices will start to rise and builder incentives will start to disappear. Plus, mortgage interest rates will surely rise if the economy starts to turn.

What's the benefit in buying today?

View this Comparison Chart and see the difference if you bought a new home today compared to waiting. Click here for a printable version

For more information, contact us or talk to your real estate professional.