Your uncle’s trying to encourage people to buy a home and if they’ll take his advice, he’ll give them $8,000 in the form of a tax credit on next year’s tax return.

You know about the tax credit and maybe some of your buyers know but they may not understand just how big of a deal it really is. 

• $8,000 is more than the down payment on a $225,000 home
• $8,000 could buy a lot of furniture and redecorating for a home
• $8,000 could be used to pay the buyer’s closing costs and buy down the interest rate to even lower than current rates

The First-time Home Buyer’s Tax Credit is scheduled to expire on December 1, 2009 which means that the buyer must be closed by November 30, 2009.  Since it takes four to six weeks lead time to get a mortgage approved and closed, the buyers need to be under contract by about October 15, 2009.  TIME IS RUNNING OUT.

Contributed by Mario Romero, CRS, CDPE, CLHMS
602-252-4191 office, 602-254-9810 fax
The Romero Team - Melcher Agency
www.TheRomeroTeam.com
www.ShortSaleTeamAz.com
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