I am not used to being the first one in the know, but someone bought it to my attention that it has been decided that the first time homebuyer credit has been extended til December 2010.
Was I dreaming because I was just telling a client of mine I wish the credit was extended so she would be able to take advantage of it. I am a believer of positive thinking and the law of attraction but wow.
Please share your thoughts.
Now may be the time to buy in many parts of the country, but I sell real estate in Riverside and San Diego Counties of California.
Homes are selling so cheap that some people are paying cash. Wow that is so amazing to me. Where did someone get $260k to pay cash for a home. Were they saving for years...Decades?? Did they make great investments and they paid off? And, where were they, why did I not meet them? Why were they not my customers?
A side from that good for those who are able to pay off one of the largest purchases people make and usually finance, paying at times triple the cash price.
What about the tax deduction?? Did these people seek the advise of their tax adviser before making this decision to pay cash for a home and they are still working and in the highest tax bracket of their careers?
What advice would you give a cash paying homeowner? Pay cash or finance?
Real Estate services covering Murrieta, Menifee, Temecula, Fallbrook, Winchester, French Valley, Lake Elsinore, Moreno Valley Sun City, Romoland, and San Diego county.
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