Whew that was close, just when you thought you blew it by missing the deadline to buy a house and get $8000 the government comes to the rescue.
If you haven't heard yet, the $8000 first time home buyer tax credit has been extended to April 30th 2010. So that give you a new 6 month lease on life. So are you ready this time?
Have you been sitting on the sidelines wanting to sell your house and move up to a bigger, better home? Have you been waiting for the right time or the market to recover? Well, Congress just opened the door to your new home for you.
If you live in Johnson County KS and have lived in your home for the last five years or more, you may qualify for the new $6,500 Move Up Home Buyer tax credit. That's right, if you sell you home and purchase a new home between December 1st 2009 and April 30th 2010 you will get $6,500 tax rebate from the federal government.
This is what you have been waiting for, now is the time to get your house on the market and move up to that house you have been dreaming about
With the $8,000 first time home buyer ready to expire Congress is kicking around and extension. As part of that extension they are considering expanding the tax credit to also include "move up buyers". So what is a move up buyer?
According to early reports a move up buyer is going to be anyone who has lived in their home for 5 or more years. Now mind you the new bill is not final and many changes may occur. So why am I writing about this now?
I am writing this because now is the time that you should be preparing if you fit into the move up buyer category. We are still in a buyers market and this extension if it happens will probably only run until April, so if you are wanting to sell and buy another home your window will be be very short.
If you are a move up buyer here is a checklist of things to work on right now to help make your move up a reality
Propper planning now will help make your move up dream a reality. Opportunities like this do not come around often, Call The Russell Home Team now at 913-681-1383
HUD homes in Overland Park Kansas. If you are looking to purchase a home and lack the needed down payment, usually 3.5% you should consider a HUD Home. HUD homes in Overland Park Kansas only require a $100 down payment. Not only that but HUD may contribute up to 3% of the purchase price towards your allowable closing costs.
Currently there is 1 new HUD house available in Overland Park
2 bedroom 2 baths for $135,000
If you are a first time home buyer you may also qualify for the $8,000 first time home buyer tax credit.
You can see all homes for sale and get more information on the $8,000 tax credit by click here
Are you looking to buy a home in Olathe KS? Do you want to buy a home with a little money out of pocket as possible? Than you should be considering a HUD home.. HUD homes only require a $100 down payment. Not only that but HUD can contribute up to 3% of the purchase price towards your closing costs.
Curently Olathe has 6 available HUD homes for purchase:
2 bedroom 1 bath $82,000
3 bedroom 1 bath $92,000
3 bedroom 2 bath $122,000
3 bedroom 1 bath $95,000
3 bedroom 1 bath $95,000
3 bedroom 2 bath $100,000
These home sell quickly so contact the Russell Home Team today for more information about HUD homes
Also if you are a first time home buyer you may be elligible for the $8,000 first time home buyer tax credit
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Overland Park Real Estate, Realtors focusing on Overland Park Homes for sale & Johnson County Real Estate for Sale. The Russell Home Team, Your Johnson County KS Real Estate experts.
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