If you do not want business, DO NOT READ THIS POST!

How the Economic Stimulus Package might influence your buyer's Real Estate decisions.

The Economic Stimulus Package passed by congress dedicated $6.6 billion dollars to the incentive for first time
home buyers. First-time home buyers who buy a home before December 1, 2009 will receive up to $8,000
in a tax credit. This might be just what some buyers need to decide to buy. The housing market already favors
the buyer, with lots of inventory to choose from, sellers who are willing to negotiate and home prices which are
more affordable than they’ve been in years. The National Association of Home Builders are hopeful, that the
tax credit will spur some housing activity, “The new tax credit provides a great opportunity for first-time home
buyers,” said Joe Robson, NAHB chairman and a home builder from Tulsa, Okla. “Combined with today’s near
record low interest rates, the large selection of homes on the market, and very competitive pricing, the tax
credit should be the extra incentive needed to get prospective buyers who have been sitting on the fence into
the market” ( ). The tax credit doesn’t apply to everyone, so buyers should consider the
following requirements of the tax credit before making any purchasing decisions:

• $8,000 tax credit for first-time home buyers does not have to be repaid.
• The tax credit is for 10 percent of the home’s purchase price up to $8,000.
• You do not qualify if you have owned a home within the last 36 months.
• The home you use the tax credit to purchase must be your primary residency for at least the next 36
• months.
• The tax credit may be applied to your 2008 or 2009 taxes.
• The credit only applies to single taxpayers with adjusted gross incomes at or below $75,000.
• The credit only applies to married couples filing jointly with a combined adjusted gross income of
• $150,000 or less.
• You must purchase a home before December 1, 2009 to qualify for the tax credit.

I hope this reminder will help you to increase your business. Feel free to take this and send a blast e-mail to all the people you know that are on the fence.

All the best,

Steven Wright

www.stevensellsco.com (I just changed my website, let me know if you like it)