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Buyer Assistance Program
It is a great time to by a home in the Mount Washington Valley!
Have you been thinking about buying your first home? Then all the negative talk about the real estate market means that is exactly what you should do. Prices have come down considerably in the past two years. On top of that the federal governement is now offering this incredible Buyer Assistance Program. Whether you are looking in Bartlett, Conway, North Conway, Jackson or anywhere in the Mount Washington Valley or Western Maine this program may help you buy your first home.
The Federal government has put all the pieces together for an incredible Buyer Assistance Program. So get this …
The tax advantages of home ownership allow an owner to deduct the property taxes and interest which lowers their monthly cost of housing. An adjustment can even be made to a taxpayer’s W4 so that more deductions are withheld to realize a higher paycheck throughout the year to balance the deduction of the interest and property taxes when their return is filed.When the homeowner sells the property, they’re entitled to the exclusion of up to $250,000 or $500,000 in gain based on circumstances. What a deal: live in a home, enjoy it, and avoid tax on the money you make too.
Now the First-time homebuyer’s tax credit is an amazing opportunity that basically subsidizes the down payment itself. It may be the chance of a lifetime for people who are eligible, because they must close the sale of their new home by 11/30/09 to qualify. The clock is ticking. For more information see GET OFF THE FENCE FOR THE TAX CREDIT in the Buyer section of our website.
While credit requirements are much tighter now, the interest rates are the lowest they’ve been in 50 years. 50!!! You’re probably not even that old. So take advantage of this variable that affects cost of ownership as much as the price. Make a loan application now. Contact us now for a list of mortgage lenders.
There are several other things to improve the financing which include concessions by the seller that can be used to pay closing costs or buy down interest rates. There is so much conflicting information in the media and from people in general that it can literally paralyze you. Let the professionals at Joy Tarbell Realty help you navigate the course to home ownership. Contact us today and we can help you reach your dream. Secure a piece of the American dream with Buyer Assistance that may not be available again as they are today. Download a FREE Excel spreadsheet to help you see why you need to get off the fence.
| Free First Time Buyer Worksheet | Free Tax Credit Worksheet |
