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Saturday, August 22, 2009
$8000.00 First-Time Buyer Tax Credit expires in 3 months
With mortgage interest rates at a record low and the median home sales price at $178,400, buyers are
rushing into the market to take advantage of the first-time buyer tax credit available to those who qualify. According
to CBS News, "home resales posted the largest monthly increase in at least 10 years last month as first-time buyers rushed to take
advantage of a tax credit that expires this fall...It was the fourth-straight monthly increase and the highest level of sales
since August 2007"
In Larimer and Weld counties, over 1300 homes under $200,000 have a contract pending
or have sold in the past three months. Of those, 306 are lender/owner REO, 79 are HUD properties, 139 are short sales
and the balance of 776 homes are regular sales. Multiple offers on homes in this price range are not uncommon so time
is of the essence.
To see if you qualify for the First-Time Buyer Tax Credit,
click the following links:
http://tinyurl.com/ckywn4
http://tinyurl.com/cuqkzy
To search for a home in Colorado, click the following link:
Search for a home
Thursday, August 20, 2009
Just for fun - ever worked with a pushy Realtor? Remember, your opinion matters!
Thu, August 20, 2009 | link
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