fbpx

Military Personnel and The Home Buyer Tax Credit

It’s not news that the home buyer tax credit is set to expire on April 30th. In order to take advantage of the $8000 First Time Buyer credit or the $6500 credit, you must have an accepted offer …

$8000 & $6500 Home Buyer Tax Credit Review

The Home Buyer Tax Credit is no longer front page news but that doesn’t mean it should be forgotten. Under the current rules, enacted in November, a first-time buyer or qualifying repeat buyer, must be in contract by …

Congress Votes to Approve Homebuyer Credit Extension

It’s no longer the $8000 First Time Homebuyer Credit.  It’s now the $8000 First Time Homebuyer Credit or $6500 if You Have Lived in Your Home for Five of The Last Eight Years and Buy a New Home …

Buyer Credit Close to a “Done Deal”

According to Real Estate Economy Watch, the first time homebuyer credit extension is close to a done deal. After two weeks of delay, the Senate last night cleared the way to pass a seven month extension and expansion …

Senate Agrees to First Time Buyer Credit and Expansion

Just reported on MSNBC “Senators agree to extend homebuyer tax credit” Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their …

First Time Buyer Credit News Update

Time is running out for the First Time Buyer Credit but Congress seems to be moving towards an extension. The possibility of writing an offer and closing on a short sale property before the deadline passed weeks ago.  …

Think Out Loud OPB Show on Home Buyers

I was on the OPB‘s Think Out Loud program discussing The First Time Buyer Credit this morning.  I come on the show 36 minutes in: Think Out Loud Home Buying (mp3). I’d like to see the credit expanded …

Should the First Time Buyer Credit be Extended?

The National Association of Realtors estimates that an additional 350,000 people bought real estate this year because of the first time buyer credit.  Calculated Risk, in turn calculates that the cost of the $15.2B program was therefore $43,300 …

Portland Development Commission May Have $50,000 For You

The Oregonian reports today about the funds our area has received from the Neighborhood Stabilization Program.  Through the program managed by the Portland Development Commission, eligible buyers in eligible neighborhoods can by eligible houses by making use of …

Time Running Out for First Time Homebuyer Credit

The way the first time home buyer credit is written now, you have until November 30, 2009 (109 days as of 8/13) to close on your new home (if you qualify for the credit).  Realistically, its earlier than …