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Thursday, February 5, 2009

Proposed Tax Credit Will Spur Home Buying

The US Congress is considering quick action that may help to spur sales in a struggling business environment.

The new credit, approved by the Senate Wednesday night, works like this:

Buyers would get 10 percent of the purchase price of any home, up to $15,000, applied to their tax bill.

Consumers would be allowed to spread out the credit over two years, making it possible for those who pay less than $15,000 in taxes to benefit.

Anyone who buys a home within a year of the bill's signature would qualify.

To deter speculators, buyers must occupy the house as their main residence for at least two years.

Interest rates at historic lows, tax credits for first time home buyers, more tax credits proposed for all home buyers, and motivated (forced and unwilling) sellers clawing to be first to get their property sold,... all these things are making this THE time to take action and look at purchasing.

Opportunity knocks. Can't you hear it? See it? Smell it? It is in the air. Wake up.. I hope you don't have to say " I missed the best opportunity of the decade"...

It can be once in a lifetime chance for many to score big by working with a savvy team of professionals. Starting with a Realtor who knows the market, and who works at providing real value and real service to customers. I am the Realtor to call. Please call Archer today for a private discussion.

Visit my Silver City Real Estate website: Thanks in advance. Good hunting. Good selling. Good day all........ Archer


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