Monday, April 5, 2010

Tax Credit Ends Soon

Homebuyer tax credits expire April 30

To qualify for the $8000 first time homebuyer tax credit and $6500 established homeowner tax credit, buyers must close on or before April 30, 2010 or be in a binding contract by that date with a home sale occurring by June 30.

This means that homebuyers must act fast to take advantage of these exceptional savings.

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Why Use a Realtor

Many consumers consider selling their home directly but eventually turn to REALTORS®. Smart home sellers realize they need the expertise in pricing their home, making connections with REALTORS® working with buyers, arranging and staffing open houses, and coordinating with other professionals in the sales process.

Only about half of all real estate agents are REALTORS® -- the top half, in our not-so-humble opinion. REALTORS® work independently, for small agencies, or for large brokerages. They help people buy and sell residential or commercial properties, vacation homes, and land; they conduct appraisals; they operate in the United States and in other countries; some specialize in auctions; and others are buyer's representatives.

Preparing for Home Ownership

Buyer's Guide

Before you begin your home search at http://www.kristinreese.com/, prepare yourself by reading Ten Steps to Homeownership

Homebuying Guides

Even before you begin looking for a home, the homebuying process requires diligent preparation. Buyers who have been preapproved for a home loan often have their offers taken more seriously by sellers. With advance preparation, you can tackle the process of acquiring the financing you need with more confidence. To help you on the path to homeownership, NeighborWorks® offers* free step-by-step guides, developed by the Fannie Mae Foundation, that can help you get closer to achieving your dream:

Knowing and Understanding Your Credit
Opening the Door to a Home of Your Own
Choosing the Mortgage that's Right for You
Borrowing Basics: What You Don't Know Can Hurt You

These authoritative homebuying guides (in PDF format) are available in nine languages, including English, Chinese, Haitian-Creole, Korean, Polish, Portuguese, Russian, Spanish and Vietnamese. You can download a guide or order a print version online from HomeBuyingGuide.org.