IT'S A GREAT TIME TO BUY!

We are in the midst of a buyer's market, there hasn't been a better time to buy in years! Mortgage rates are at an all-time low, sellers are motivated. Owning a home is a great investment in your future and can lead to many years of happy memories. So why wait? Inventory of homes for sale is at a 15-year high! Current market conditions won't last long. Research indicates that prices are beginning to stabilize and price declines are over.

Homebuyers Tax Credit

Buy a home, get a tax break! The tax credit is equal to 10% of the purchase price of your home up to $8,000. The full credit is available to single persons whose adjusted gross income (AGI) is less than $75,000. For married couples filing jointly, the credit begins to phase out at an AGI of $150,000. Are YOU eligible? First-time buyers who purchase a principle residence before December 1, 2009 are eligible (closing must occur by November 30, 2009). Like all tax credits, it will directly reduce the total amount of taxes you owe. For more information on the First-time Homebuyers Tax Credit give us a call at (330) 499.8153.