Charlotte Area Real Estate

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Sam Nueman

BYE BYE $8,000 TAX CREDIT!!

There is no question that the first-time homebuyer $8,000 tax credit has been very popular. And after so many buyers have taken advantage of this program, the end time is sadly near. You only have 10 days left to get a house under contract and close on it by June 30th. This program is basically is FREE Money for you to buy a home that you already are going to buy. Big Smile Think about it. If you are renting, paying about $1,100 a month you are not going to get any of that money back at the end of the year. That's $13,200 annually you are throwing away! With $1,100 a month you can buy a much bigger home, get a tax write off on the interest, real estate tax, energy efficient programs, etc. Plus your portion of your mortgage payments will go towards reducing your principal balance. So if you think about it, you are getting paid to buy a house. Cool

With that being said, make sure you are financially ready to become a home owner because after that $8,000 runs out you want to still be able to maintain the payments. That’s why I have 2 to 3 mortgage professionals standing by ready to assist any client of mine. If you are interested in taking advantage of the tax credit, this is not a time to shop around without a Realtor. Remember, sellers pay for all commission for both agents and if they aren't, you will know ahead of time before you make an offer on a home. So don't wait too late to hire an experience real estate broker, call or email me today!

Sam Nueman, SFR
704-747-2289 Cell

Published Tuesday, April 20, 2010 5:34 PM by Sam Nueman, SFR

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