Time on Home Buyer Tax Credit Stimulus Running Out

submitted by: Reagan Greer - Broker of Record


Home purchasers thinking about utilizing the $8,000 tax credit needs to step up soon, as the IRS cut off date for the program is December 1st, 2009.
Here are the key qualification requirements:

• 1st time home buyers or haven't owned a home the last 3 years
• Home can not be bought from "related person"
• Home can not be through inheritance or gift
• Income requirements do exist and you need to check with a CPA or Accountant to clarify

Potential buyers need to start by getting with a lender and getting pre-approved for a loan then start looking soon. The program is an added bonus to assist you in defraying costs, giving you the option to use the money to remodel/upgrade the property or purchase that something special for the home.

San Antonio and the surrounding areas has some great homes to look at both new and preowned. Interest rates are great right now, in the 5 - 6% range, and values are holding strong. The time to begin looking is now; but keep in mind that 30 to 45 days are generally required to close a property.

The Bradfield Properties, Inc. professional team of Realtors® stand ready to assist you. Call or email any of us today or visit bradfieldproperties.com