Your uncle’s trying to encourage people to buy a home and if they’ll take his advice, he’ll give them $8,000 in the form of a tax credit on next year’s tax return.
You know about the tax credit but you may not understand just how big of a deal it really is. If you qualify (meaning you haven’t owned a home in the past three years) this could be your ticket into Durango real estate. A stimulus package made just for you. Don’t wait, the home prices and interest rates are low, this is a great time to buy!
What would you do with $8000?
$8,000 is more than the down payment on a $225,000 home
$8,000 could buy a lot of furniture and redecorating for a home
$8,000 could be used to pay the buyer’s closing costs and buy down the interest rate to even lower than current rates
The First-time Home Buyer’s Tax Credit is scheduled to expire on December 1, 2009 which means that the buyer must be closed by November 30, 2009. Since it takes four to six weeks lead time to get a mortgage approved and closed, the buyers need to be under contract by about October 15, 2009. TIME IS RUNNING OUT.
Email me, claudia@blueribbondurango.com, and I’ll send you listings and take you out to look at homes. Talk to your favorite lender. It can’t hurt to look, maybe it will work out, maybe not, at least you’ll know you’ve tried. If you don’t, 5 years from now, you’ll wish you had.
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Claudia Williams
Owner/Ecobroker/Exchangor
Blue Ribbon Properties
835 Main Ave #214
Durango, CO 81301
970 247 8388 (office)
970 749 3555 (cell)
970 247 8360 (fax)
www.blueribbondurango.com
Check out my blog
The Scoop on Durango Real Estate
www.blueribbondurango.com/blog