Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
The Senate has overwhelmingly passed an extension to the hotly debated homebuyer tax credit. The updated version of the program has larger scope and is more generous than its predecessors. Note that the extension is not official until it is also passed by the House and signed by President Obama. The new program offers people that have lived in their home for 5 years or more (move-up buyers) a $6,500 credit. It also increases the
We’ve received a lot of questions recently about the soon-to-expire First Time Home Buyer’s Credit. Since the time has basically passed to be able to take advantage of it in a home purchase, the discussion has shifted to the future of the program. Analysts and commentators around the country are weighing in on the subject, dividing into two camps. Camp 1: Extend the credit, and perhaps even expand it to all buyers and with larger
There have been a few interesting real estate stories and announcements around the nation this week. But first, the changing seasons along tree-lined Farmington Avenue in West Hartford Center. Today’s Wall Street Journal has a piece on Shadow Inventory (Subscription Required), which are homes that are not currently on the market but are expected to be listed for sale in the near future. They focus on foreclosures, and found about 1.5 million mortgages currently in
I’ve been working with a lot of first time buyers this year. Many of them have been motivated by the $8,000 first time buyer tax credit that the government is offering. A good number of them have already closed on a property and are set to receive their refund next year when they submit their Federal Income Taxes. Some of my buyers are still looking though. They are waiting for the right house. Or they