A Realtor's Story regarding the $8000 Tax Credit for 1st Time Home Buyers

I joined a rather heated debate this morning on Face Book among REALTORS, MORTGAGE LENDERS, and others in the RE Industry. I don't think we have solved anything but we are presenting interesting points of view. It would really be nice if the powers that be in our Government Legislature would do the same thing!

A Realtor's Story in this Real Estate Market regarding the

$8000 Tax Credit for 1st Time Home Buyers:

•Ø Since January: I have closed sales for 9 First Time Home Buyers who received the $8000.00 Credit = $72,000. ( 2 VA Loans, 4 USDA Loans, 3 FHA Loans) This $ was used for paint, furniture, drapes, landscaping, etc which added to the Lynchburg Economy. I also had several clients that used their 401K savings to fund their down payment then used the $8000 tax credit $ to repay themselves!

•Ø 4 Houses that I had listed were bought by 1st Time Home Buyers who qualified for the $8000 = $32,000. This $ also adding to the Lynchburg Economy.

•Ø Of these home sales only 2 were new houses. So 11 current homeowners sold their homes & bought homes, and then those homeowners bought homes & so on & so on!

•Ø The Sale of 1 Home produces a chain reaction! Each step creates $ that is used by many facets of a community including: the Mortgage Lender, the Home Inspector, the Termite Inspector, the Closing Company, the Insurance Agent, & the Realtors all who pay house payments, car payments, paint, Furniture, etc and are Taxpayers! And then throw in the Home Improvement Stores, Hardware Stores, Furniture Stores, Contractors, Painters, Heating & Cooling Companies, Concrete Contractors.... You get the picture.

•Ø The $8000 First Time Home Buyers Tax Credit ends 11-30-09!!! If you have the potential to buy your 1st Home - don't wait - Now is the Time!

I specialize in First Time Home Buyers & I LOVE REFERRALS so "CALL MY SELL"

KATHY MYERS CARSON, ABR, GRI

"THE GARY FOSTER TEAM" - RE/MAX 1ST OLYMPIC - LYNCHBURG, VA

434-660-4025 or kcarson@jetbroadband.com or www.lynchburg-real-estate.com

Twitter ME @kathycarson

"CALL MY SELL!!"