Is Now A Good Time To Buy A Home?

Our Federal government has stimulated the market with the recent tax credit. Now is a great time to buy. Those who ignore this opportunity will be throwing money away. Does this mean Buyers should throw caution to the wind? By no means should any home buyer ignore due diligence in buying a home. Buying more home than you can afford regardless of incentives is always a mistake. Being reasonable and rational is always a good thing.

There are conditions for meeting the criteria. Not everyone will meet the requirements. As any good Realtor will tell you to check with your tax account or real estate attorney to get the best advise to you.

What does the tax credit potentially mean to you? For first time home buyers there is an opportunity to buy a home and get some relief for getting off the fence. For couples, as high as $7,500, for single home buyers as high as $3,750. These incentives are subtracted from Federal income taxes for either 2008 or 2009. Kenneth Harney wrote a good article in the Arizona Daily Star titled Holding off on buying a House? Tax credit may change your mind that explains the incentive further. Your tax account or real estate attorney can help you understand how this incentive will impact on you. Check it out, don’t get caught up in woulda-shoulda-coulda.

This entry was posted on Monday, August 4th, 2008 at 8:19 am and is filed under Tucson Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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