February 4, 2010 at
3:29 pm
Wow, can’t believe it’s February. When Congress passed the Home Tax Credit Extension and Expansion in November, we were thinking about turkey and this week, we were thinking about groundhogs.
Hopefully, not to eat.
This just demonstrates the smaller and smaller window home buyers have to take advantage of this tax credit. So, in an effort to look forward – we are going to look back, and inwards.
Since Joe moved in, the biggest search term on our site was “$6500 tax credit” – so to keep my fans happy, here’s some reminder information:
“If you have owned your home consecutively for 5 of the previous 8 years and are looking to sell you current home, you could receive up to the full $6,500 tax credit.”
Why this is an awesome time to buy a new home:
• You are expecting a child and that bachelor pad that you and your wife held on to is just getting a little too cramped. (Upgrade) You would also like to eat on a table, not an ironing board anymore.
• The nest is empty, and cleaning two to three bathrooms is no longer that much fun. Like it ever was. (Downgrade)
• You are finally going to take your band seriously. The noise violations are getting pricey. You need a bigger place, with no one around for your version of Stairway to Heaven to really rock. (Upgrade)
• Your band kicked you out, and you don’t need your recording studio anymore. (Downgrade)
Ok, Joe has to go. Apparently a band in town has an opening for a front man.
Happy homebuying!
Joe
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Categories: $6500, $8000, Claiming tax credit, Expanded homebuyer tax credit, Extended and expanded tax credits, First-time homebuyer, Homebuyers, Starting out, Wisconsin Realtors, Wisconsin current homebuyer, Wisconsin first-time home buyer, Wisconsin homebuyer, Wisconsin real estate, Wisconsin tax credits, current homebuyer
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