New Tax Credit Attracts Buyers on Sidelines

There’s some good news if you’re in the market to sell a home.

A tax credit enacted by Congress as part of the landmark $787 billion economic stimulus package--up to $8,000--is expected to entice first-time buyers, many of whom have been sitting on the sidelines. And since the credit only applies to those who close on homes between Jan. 1, 2009 and Nov. 30, 2009, some say that first-time buyers may move quickly to capitalize on it.

Early signs indicate the new credit has already piqued homebuyers’ interest. In February alone, a record 844,000 prospective homebuyers visited a site set up by the National Association of Home Builders (FederalHousingTaxCredit.com) to learn about the tax credit. And that’s great news for those who are selling homes, whether new or existing.

“Current pricing, rates and incentives, such as the First-Time Homebuyer Tax Credit, provide tremendous opportunities for first-time home buyers to get into the market,” said Tom Kunz, CENTURY 21 Real Estate president and CEO. “Our research shows that while consumers still have concerns about the future of the economy, many are actively considering their options as we move into the spring selling season.”

If you’re a current seller, talk to your CENTURY 21 Adams & Barnes REALTOR about new buyers and how to appeal to them. If you’re considering listing your home, townhome, condo, mobile home or even houseboat, now is a great time. Call our office and one WE will answer your questions and help move you along the path.

Remember to always consult a tax professional regarding real estate master and feel fre to contact our offices for additional resources.

626.358.1858 / Monrovia - 626.963.7621 / Glendora or visit us on-line at http://www.c21ab.net/