CASH FOR HOMES OR CLUNKERS?

There is little debate that we are navigating a bumpy road in our economic existence.  As with all altercations, however, it is a matter of viewing your glass as half empty or half full.  I am a glass half full person, and as such, I realize that the state of today’s economic market place affords wonderful opportunities to those who are prepared and positioned to seize the day! 

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Opportunity . . .

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Rebate programs abound -- everything from government bureaucracies to credit card companies to banks to corporations such as General Motors and Chrysler . . . 

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Outcomes incalculable . . . results untouchable . . . Middle America wondering:  when one of these government handouts reach out and touch ME???

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Pay attention – here are two in the form of:

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1. Cash for Clunkers, and the

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2. $8000 tax credit for first-time home buyers (defined as anyone who has not owned a home in the past 3 years). 

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 As for #1 . . . drive off the lot excitement . . . money diminutive  . . . auto dealers pulling out in large numbers fraught with worry over reimbursement for the up to $4500, diminishes for those who have traded in an older gas guzzler for a newer, more fuel efficient model.  There are such delays in processing the paperwork by the Department of Transportation that the 457,000 deals that are in the pipeline may bring the allocated “Cash for Clunkers to an exhaustive end.

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More importantly, what is the end result of your up too $4500 drive off the lot, watch your money sucked down the depreciative drain, feel good, green for the government, four wheeled form of transportation that you will have to replace in four years vehicle?

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Conversely, the $8000 first-time buyer tax credit is a put a roof over your head shelter that historically has appreciated in great increments and, although it has a recently short-lived history of depreciation – many of whom consider it a correction – will continue to rise again . . . ? ! ! !

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Speaking of history . . . the National Association of Realtor keeps historical data and existing home sales [including single-family, townhomes, condominiums and co-ops] increased 3.6 percent to 4.89 million units in June 2009. This is up from 4.72 million in May, although 0.2 percent lower than the 4.9 million unit level in June 2008.   “A gradual uptrend in sales is expected to continue due to tax credit incentives and high affordability conditions,” says Lawrence Yun, NAR chief economist.  Sound familiar?!!!

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The choice is yours . . . !  

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It’s REBATE TIME!  Mortgage interest rates are low, $8000 tax credit incentives abundant, and prices are at an all-time affordable low.  What will it be?  -- a short term $4500 depreciating vehicle incentive or an asset for a live time, opportunity to build a future full of equity, and put an $8000 cash incentive into your bank account HOME!

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I am her for you to debate as well as fill you full of knowledge about today’s real estate marketplace, neighborhoods, value, options or any other topic of choice. . .

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734-754-3221

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http://www.ReneeBadalll.com where you can check me out as well as send me an email!  I look forward to meeting you . . . !

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Stay tuned . . . 

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