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Jeanne is on the mark........I'm amazed that the historically low interest rates are not percieved in their true light....a better opportunity than the expired tax incentive program for most buyers.
If you missed the tax incentive program.....thank your lucky stars and then get serious about finding the opportunity that's waiting for you.
Everyone is asking the same question. Are they going to give more money for home buyers. As of right now, the government has no plans to extend any program giving additional funds to individuals to purchase a home. Home sale prices are at an all time low, if you have the funds or can qualify to purchase a home in this market, you should take advantage of the interest rate and purchase. Noone knows what will happen in 3 -4 or even 8 months from now. I personally think buyers have a wonderful opportunity to buy at a low sale price and very low interest rates. If you have any other questions, give me a call. Good luck
Jeannine Dyer 440 341-9100 visit my website: jeanninedyer.com or email JeannineDyer@yahoo.com
Tax rebates are not free money. The money paid to home buyers for credits on their income taxes will adds to our national debt which will have to be repaid at some future date.
I doubt that congress has any appetite to fund a new round of home buyer rebates and add to the nation debt load at this time.
And with the mood in Washington--the concern over the deficit, especially--another tax credit (or a rebate) is highly, highly unlikely.
If you want to buy and are financially able to buy, then go and find the best deal you can. There are plenty of good ones out there. Definitely do not wait in hopes/anticipation of a tax credit that will never materialize.
Hope that helps.