Can you hear that??? The door just opened a little wider for the first time home buyer (or anyone who has not opened the door to their own home for more than 3 years). Yes it is true......
Yes the $8000 Tax Credit that is currently in effect for homes that close by December 1, 2009 can be utilized through certain approved programs as part of purchase costs if qualified. This is huge and reason for many of you to start the ball rolling toward home ownership today.
I work with a lot of first time home buyers and most of you are just trying to find a way to get a down payment together. The people I work with lately know what they can afford and are being
realistic about the size and location of the first home. They know it is a stepping stone and the ability to use this money that is already allocated to them through the programs already in place with raise that stepping stone a bit higher out of the water. I hope that many of you decide to explore the possibilities.
There are a lot of other programs out there that may provide additional help to you from grants, special interest rates, and other special incentives. It is important to explore your situation with someone who can help you find the resources you might be able to use to make unlocking the door to your own home possible. Please call for more information if you face this issue and I can refer you to someone who will help.
I work as a Buyer's Representative Real Estate Agent in the Greater Hudson Valley of New York's Orange, Ulster, and Sullivan Counties. If you are looking for a home here I would love to help you. If you are looking anywhere else I can refer you to an agent who can help you where you want to be.
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Paddy Pizappi, Associate Broker for Buyer Representation
RJ Smith Realty - A Real Estate Solutions Company
Serving the Greater Hudson Valley of New York
from Pine Bush, NY at the corner of Orange, Ulster, and Sullivan Counties
Call or Text to 845-800-7086
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Cool! Now if they would just allow all buyers to take advantage of the $8K, we all would be smiling...
That would be nice Michael but this should help a bit to get the ball rolling. Hold onto your hat because I think we are going to be busy:)
I hope this works out well. It would be such a great opportunity for many people.
Paddy - this is great news if used correctly.
Paddy, I'm hoping this helps a lot of people....now it might really make a difference instead of getting it at the end for those that didn't have a full down payment.
Yes Stacey. Of course details are still not fully understood by lenders so hopefully we will get the full story this week/
Mike I am waiting rather impatiantly to find out what the right way is, LOL!
Yes Carole, This should really free things up a bit. Let's hope we have the details soon.
Hi Paddy -- Well written post chocked full of insight. It is a great time to buy for buyers that can afford to purchase.
Thank you Chris I hope that it will help many once the kinks are ironed out