Get thinking about the Housing Stimulus plan and act now.
Friends of mine have been buying houses left and right. These are friends who thought that they could never afford a home let alone, buy a home in the city of Philadelphia. The “Butse Gang” works hard for their money, and I must tell you that one thing I’m particularly proud of this group is their outlook towards their financial future. Everybody knows that a house is a great investment regardless of the current market situations. The best part of it is, the Housing Stimulus provided by the Obama administration that would provide Homebuyer Tax Credits of up to $8,000.00 dollars for any first-time homebuyer.
A first-time homebuyer doesn’t necessarily mean that you haven’t bought a home ever in your lifetime. If you bought a home before, sold it and have not bought a home in the last three years, you may still be considered a first-time homebuyer. Just imagine the benefit of getting a tax credit of $8,000.00 if you buy now. And not only that! If you currently own a home and have lived 5 years of the last 8 years within your home, and decide to buy a second home – you are also eligible for a $6,500.00 tax credit! So long as a written binding contract to purchase is in effect on April 30, 2010 the purchaser will have until June 30, 2010 to close. That means even I am eligible.
So, if you’re thinking of buying a house, this is the best time to buy. With house prices lower than they used to be, plus the tax credit – you are actually getting your home for a much lower price than market. This means, instant equity for you. If you haven’t thought about it – it’s time to get moving!
Watch the video below for more details:
