Get the $8000 Tax Credit at Closing?

It sounds so simple. There’s an $8000 tax credit offered to first time home buyers if they purchase a home and close on it before November 30. Why not make it available to home owners prior to closing so they can use the money for their down payment or closing costs? If folks are qualified for a loan but have no cash to put down, and the government has promised to give them $8000 after closing, why not give the buyers access to the money so they can actually buy a house?

2009 Stimulus and First-Time Buyer Tax Credit

The stimulus plan signed into law by President Obama this week contains several provisions to prop up the ailing housing market. One of the most talked about is the $8000 tax credit for first-time home buyers. Click here to download a quick fact sheet created by the Charleston Trident Association of Realtors® (CTAR) with information about what it is and who qualifies for it.

If you have any questions or would like to know more, call me at 843.574.3193. I will do my best to help.

Home Buying: Timing is Everything

As with many things, timing is everything in real estate. Whether you are a first-time home buyer or a seasoned veteran, getting your transaction to flow with your schedule and your life takes skill and planning. So once you’ve decided to buy a house, what steps can you take to time your closing right?