Now is a great time to buy a home!
GREAT NEWS
Congress Enacts Home Buyer Tax Credit
A tax credit of up to $8,000 is now available
for qualified first-time home buyers purchasing a principal residence on
or after January 1, 2009 and before December 1, 2009. Unlike the tax
credit enacted in 2008, the new credit does not have to be repaid.
$8,000
Home Buyer Tax Credit at a Glance
- The tax credit is for first-time home buyers only.
- The tax credit does not have to be repaid.
- The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
- The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
- Single taxpayers with incomes up to $75,000 and married couples
with incomes up to $150,000 qualify for the full tax credit.
>> Frequently Asked Questions About the Home Buyer Tax Credit <<
www.federalhousingtaxcredit.com
THE FACTS ABOUT THE RICHMOND HOUSING MARKET
Welcome to RichmondHomeFacts.com , a website designed to help anyone considering buying a new home, to make the right decision. Now is the perfect time to buy. The five “i”s – interest rates, investment, inventory, incentives and ideal location – all indicate favorable conditions. To support this, we have provided outside resources; links to newsworthy articles; and Facts and Fiction- a section of our site that highlights the media’s natural bias for negative reporting and how truth can often be distorted. Market fundamentals show that homebuyers are now clearly in the driver's seat due to low interest rates; a strong selection of homes; competitive prices; and numerous incentives. Most importantly, housing markets adjust periodically according to overall economic conditions, and any or all of these extremely favorable variables could change for the worse, just a few months from today.
Right Place + Right Location = Right Time to Buy
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For home buyers now, 'it's win, win, win all over the place'
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Buying in a Soft Housing Market
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