It was a unanimous vote in Washington - how rare is that! The very important and much needed extension of the $8,000 Tax Credit for first time home buyers will now follow into 2010. All qualified buyers will be able to continue to enjoy this $8000 tax credit through April of next year. Many of our clients were under pressure scrambling to beat the deadline so this will benefit those that did not move fast enough and those buyers that could not close by November 30 of 2009.
Interest rates are hovering around 4.5% and sales prices in the Panama City area are close to some of the lowest prices we've seen in years. This critical combination, along with the tax credit, is the perfect formula for buying property in the Panama City area. Southwest announcing last week their commitment to flying out of our new International Airport is another reason. This is one of those moments where you stop and think "maybe NOW is the right time to become a homeowner!".
In addition to the $8000 Tax Credit, our friends in Washington also authorized a tax credit up to $6,500 for repeat homebuyers. This is awesome as well. For more info and details on the tax credits, please visit http://www.federalhousingtaxcredit.com/today.
Karen Branham, Broker Associate, E-Pro, SFR
THE BRANHAM TEAM
"We Make Dreams Happen"
karen.branham@cbunited.com
850-832-8626
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