is there a possibility the $8000 tax credit for first time buyers will get extended past N0v 30th?

Asked by Alicia, Los Angeles, CA Wed Aug 12, 2009

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Dallas Texas, Agent, Dallas, TN
Wed Aug 12, 2009
GREAT QUESTION: lending is always changing one never knows till time approaches. It drives professionals in trade "little crazy"

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Bill Eckler, Agent, Venice, FL
Wed Aug 12, 2009

Anything is possible but we are advising our customers to take advantage of the program as it exists today since there are no guarantees and the program represents such a good opportunity for today's buyers.
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Nicole Lindl…, Agent, Los Angeles, CA
Wed Aug 12, 2009
Hi Alicia
There is a definite possibility as the incentives for first-time buyers can change, but there is no promise. The best bet is to make a purchase and close before Nov 30th.
There are income limits to the credit allowing $75,000 for a single filer and $150,000 for a couple filing jointly. The IRS bases the credit on your modified adjusted gross income, and does not have to be repaid.

If you need help getting started on your home search, please give me a call. There are some great deals in the Eagle Rock/Glassell Park area that'd id be happy to send you!

Nicole Lindler
Prudential California Realty
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Matt McClain, , Rancho Cucamonga, CA
Wed Aug 12, 2009
Hi Alicia.

Hopefully, it will stay in place. Nobody knows for sure, but it has been a definite help in spurring the buyer market.

That said, if you or anyone you know is looking to purchase a home, there is no good reason to wait. Take advantage of everything that the market has to offer while it is still available.

If I can be of any further assistance, please do not hesitate to email or call me directly.

Have a great week!


Matt McClain
Axiom Real Estate / Axiom Lending Group
0 votes
Listing Book…, , San Diego, CA
Wed Aug 12, 2009
There's always a possiblity. We will just have to see. Good Question.
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