Experts say it is a good time to buy Real Estate
Ron Insana, author of "How to Make a Fortune From the Biggest Bailout In U.S. History" was recently on the Today program and this is what he had to say.
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A key to understanding who is entitled to the $8,000 Tax credit for buying a home is the definition of a “First Time Home Buyer.” Any one who has not owner a home in the past 3 years or some one who has never truly owned a home, in the eyes of the tax code, is a First Time Home Buyer. Ask a CPA or tax professional for further clarification.
This is one of the times, or should I say the only time, that home prices have pulled back, interest rates are at historic lows and the government is giving money to home buyers. The catch is that unless you are in line to buy before April 30 that $8,000 tax incentive will disappear. The leading indicators show the recovery has started and would give the congress less reason to extend this one more time. Don’t miss this golden opportunity.
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Posted at 02:21PM Jan 11, 2010 by Larry Dickson in General | Comments[0]
