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Woodbury, MN

First Time Home Buyer Tax Extension & Expansion has Passed!

Kimberly Koehler - Broker/Owner EXiT 3 Rivers Realty  651-998-9811: Real Estate Agent in Woodbury, MN

First Time Home Buyer Tax Extension has PASSED! 

With the passing of the First time home buyer tax extension and the expansions Minnesota home buyers and sellers enter into some exciting times in real estate. The real estate market in Minnesota for first time home buyers has been tightening. The housing supply in Minnesota's Twin Cities area has shrunk to as little as 7.69 homes on the market for every buyer. This is a decrease of 29.3% from how many homes were available to Twin Cities buyers last year.

We specialize in working with First Time Home Buyers in Minnesota's Twin Cities metro area and have seen the demand of first time home buyers increase as the deadline of Nov. 30th has fast approached. The passing of the

extension of the first time home buyer credit gives Twin Cities buyers an opportunity to focus on their property search allowing them to make educated and confident decisions. The new terms however do not give them a complete break rather some room to breath.

With the passing of the expansions of the bill allows Twin Cities home owners who have lived in their home 5 years out of the past 8 years a $6,500 tax credit. This is HUGE opportunity for traditional home sellers in the Twin Cities who may have wanted to sell however felt they couldn't due to the conditions in the Minnesota housing market.  We have buyers that desire to buy these homes as the inventory has gotten very low. So my advice to anyone looking to sell their Minnesota home is... NOW IS THE TIME!

The difference of the effects of the old first time home buyer credit vs the new one is that the old bill assisted only one segment of the Minnesota home buying market. The majority of that segment, first time home buyers were using the tax credit to purchase foreclosed properties in Minnesota's Twin Cities area. Seeing those purchases were from banks it did not create another pool of buyers. With the passing of the extension of the first time home buyer bill and extending it to another segment of the Minnesota housing market you will now create two segments in the market.
This creates a much healthier move back to more traditional sales where you have a buyer that is purchasing from a private party home owner vs a corporation. Which that alone is a very good thing. The benefits of the passing of the first time home buyer extension and expansions are yet to fully be seeing however it most definitely is a positive move towards a stronger, healthier Twin Cities, housing market.

Helful Links: 

Tax Credit Explained - Simple to Follow!

Curent Minnesota's Twin Cities Metro Area Market Report

FREE Home Search

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steve vennemann: Real Estate - Other in White Bear Lake, MN

8756 76th Street Court S , Cottage Grove, MN 55016


VERY SHARP 3 LVL W/MANY UPDATES & OPEN FLR PLAN. MAIN LVL HRDWD FLRS, NEWER APPLS, PATIO DOORS TO FENCED YD W/POSSIBLE ALLOWANCE FOR DECK & LL CARPET. NEWER FURNACE, CA, WINDOWS, COUNTERTOPS & BEDROOM CARPET. QUIET CUL-DE-SAC LOCATION & EZ TO... More Info

6131 S Hedgecroft Avenue S , Cottage Grove, MN 55016


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44 12th Street , Newport, MN 55055


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10902 33rd Street Lane N , Lake Elmo, MN 55042


Great starter home in the heart of Lake Elmo. Three bedrooms, hardwood floors, screened porch and two car garage. Don't wait for this one....act... More Info

9055 Jamaca Court N , Lake Elmo, MN 55042-9422


LAKE ELMO WITH ACREAGE AT THIS PRICE IS A RARITY! THIS HOME OFFERS A CONVENIENT LOCATION, PRIVACY & ROOM TO GROW. NEWER WINDOWS & MECHANICALS. NEW CARPETING & SOME PAINT WILL MAKE THIS A TURN KEY...More Info

7888 Dunmore Road , Woodbury, MN 55125-1612


Affordable 3BR End unit! Just painted and carpeted cleaned ready to move into. Close to all of Woodburys amenities. Walking paths and preserve. 1 year home warranty. Not a foreclosure or bank... More Info

6050 Lake Road #106, Woodbury, MN 55125-2072


Beautiful just like new unit in move-in condition! Delightful kitchen with custom cabinetry, eating bar, great storage and in unit laundry room with washer and dryer. Shop/work room, large craft area, library, sunroom, private dining, guest suite, only mi... More Info

2677 Cornelia Court , Woodbury, MN 55125


Adorable 3-level split on 0.3 acres of a quiet Woodbury cul-de-sac! Newly remodeled baths, neutral decor, beautiful oak woodwork & vaulted ceilings! EZ access to 494, Tamarack Village, & Ojibway Park. Flexible financing available!...More Info

8371 Savanna Oaks Lane , Woodbury, MN 55125


Great Value and Wonderful Home! Only available due to relocation. NOT a SHORT SALE or FORCLOSURE. Sellers are willing to entertain Seller financing! Perfect condition. 2 story great room, awsome kitn and wonderful entertaining room in the... More Info

2753 Leyland Trail , Woodbury, MN 55125


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1365 Whistler Point Road , Woodbury, MN 55129


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906 Spring Hill Draw , Woodbury, MN 55125


Stately 2 story home that is spectacular! 3Bds & upper den or nursery off master professionally landscaped backyard huge Dk & walk out finished basement. Hot tub stays! Enjoy 2 Fp, pool rm and a wonderful great rm off the kitchen. See supp. for...More Info

8371 Savanna Oaks Lane , Woodbury, MN 55125


Great Value and Wonderful Home! Only available due to relocation. NOT a SHORT SALE or FORCLOSURE. Sellers are willing to entertain Seller financing! Perfect condition. 2 story great room, awsome kitn and wonderful entertaining room in the... More Info

10241 Bald Eagle Trail , Woodbury, MN 55129


Beautiful home with lots of features including sun room, see through fire place, and built in gas grill. Public Remarks: This is a must see home with some beautiful features including a sun room, see through fire place, a built in grill and located at the Eagle Valley Golf course. Don't... More Info

2309 Vermillion Curve , Woodbury, MN 55129


CONTRACT FOR DEED OPTIONS! PICK YOUR OWN EXTERIOR COLORS! FULL OF UPGRADES: CUSTOM MAPLE CBNT, STAINLESS STEEL APL, WAINSCOATING, DBL OVENS, STONE SURROUND FP W/MAPLE MANTLE, CERAMIC BATH+MORE AND SITUATED ON A SPACIOUS CORNER LOT! Public Remarks: CONTRACT FOR DEED OPTIONS! PICK YOUR OWN... More Info

1750 Interlachen Bay , Woodbury, MN 55125


Agent Remarks: Stunning Charles Cudd traditional two story on private cul de sac in Interlachen Woods. District 833: Woodbury elem, middle, hs. Professionally decorated by interior designer. 4 season porch, updated kitchen, English gardens. Straight sale! HMS Warranty Public Remarks:... More Info

2377 Fieldstone Curve , Woodbury, MN 55129


Norcutt Homes has just made available their Model Home as of 5/1/2009 for sale and immediate occupancy. Please visit our new model home up the street at 2309 Vermillion Curve. Public Remarks: lARGE DECK THAT WALKSOUT TO PARK, TENNIS COURTS, & WALKING TRAILS. SITTING/SUN ROOM RIGHT OFF... More Info

1591 Deephaven Drive , Woodbury, MN 55129


Brand new Women Centric design by Custom One Homes.Wooded parkland in back, well-designed to entertian guests or family, relaxing screen porch, desireable main lvl flex rm, huge master shwr, theatre rm, walk-in pantry, dual ovens. Beautiful Dancing Waters Public Remarks: Go for the best... More Info

13770 195th Street N , Scandia, MN 55047


Not foreclosure or shortsale!! Complete renovation! Quick closing possible. Public Remarks: Renovated 2 story nestled on wooded setting of nearly 7 acres. New kitchen with hickory floor, vaulted family rm in rustic pine, main fl laundry/mud rm, 4 brs up, high ceilings in ll finish for addl... More Info

15301 244th Street N , Scandia, MN 55073-9802


Instant equity. Offered at $75K less that 5/07 appraisal.24 hr showing notice. Perfect location for horse or cattle ranch. EZ commute to cities.Nice house with great views, in a peaceful setting.Additional 20 acres for $200,000 Public Remarks: 20 acres N of Scandia.Nearly new Cape Cod,lots... More Info

333 Lake Street S , Bayport, MN 55003-1302


Approximately 100 feet of St. Croix River frontage. Priced for lot only. Small cabin on property - "as is." St. Croix Riverway regs apply. Seller financing... More Info

21525 Pomroy Avenue N , Scandia, MN 55073


Buyer/Buyers agent to verify all information/measurements. Preliminary approval to sub-divide into 5, 5 acre lots, all have perked. See supplements. Includes HMS Home Warranty. Seller has not lived in home. Public Remarks: '09 custom built on 33+ acres. Views! 5 lots poss. Open flr plan-all... More Info

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