Comments on: First Time Homebuyers: There Might Not Be A Better Time to Buy Than Now

By: French property

French property — Tue, 23 Jun 2009 14:01:51 +0000

Unfortunately, France doesn’t have 1st time home buyer incentives for foreign investors. A pity for those wanting to pack up and move to sunnier climates from Britain…

By: Medway Real Estate

Medway Real Estate — Thu, 11 Jun 2009 01:28:07 +0000

The 1st time buyers tax credit combined with a low interest rate environment and housing values that have dropped quite a bit have really sparked the market in my area of Massachusetts. The activity and volume a 1st time buyers looking at and purchasing homes has really increased tremendously. Hopefully the bump in rates will not slow things too much.

By: Free Tenancy Agreement

Free Tenancy Agreement — Fri, 05 Jun 2009 16:49:28 +0000

The tax credit would be very appealing to first time buyers and is an innovative proposal in the current financial climate. However, such buyers are likely to move house within three years and could end up tied to their first home if they cannot afford to repay the tax credit.

By: Betty Saenz REALTOR

Betty Saenz REALTOR — Mon, 25 May 2009 22:01:34 +0000

Yes, with interest rates at historic lows and the First Time Buyers tax break, I do feel it is a wonderful time to buy for those who can afford a house payment. If buyers feel pretty secure in their jobs, I would encourage them to go ahead. To be locked in a 30 year note with these rates is great. Interesting to read the comment about what is happening in Australia. In the Austin, Texas area our market is not suffering like so many areas of the US.

By: Tom@Australian House Plans

Tom@Australian House Plans — Mon, 25 May 2009 01:33:29 +0000

That sounds like an interesting system. Similar to what we have over here in Australia, but we get $14,000 for first home buyers and if they are purchasing a new house then they get an extra $7,000! Tom’s last blog post..Country House Plans: Builders Series

By: San Diego New Homes

San Diego New Homes — Tue, 19 May 2009 23:59:47 +0000

Another home buying incentive for military buyers: VA allows home buyers to receive up to 4% of the sales price from the seller to pay off credit cards or other debts, which can help buyers qualify for a loan by reducing their debt ratio.

By: panama property

panama property — Sat, 16 May 2009 15:01:58 +0000

Though the tax credit will help, I do not think it will make a “dramatic” difference. There are a ton a great deals out there right now, but despite that people are not buying because they are afraid, as they should be. The tax credit will encourage people to buy a new home, and because of that it is a good idea, but it will in most cases not enable them to. It will also not free up credit, a major issue now with most very large purchases (e.g. cars).

Cheers,Harry,Panama property

By: Lowcountry Real Estate

Lowcountry Real Estate — Thu, 14 May 2009 18:00:05 +0000

Nice break down of the first time home buyers tax. I put a video on my site as it is fairly complicated. This might be the best description I’ve seen yet. With the break ending in November, all us bloggers need to get the word out. When the summer winds down and this expires, I have a feeling things will be very very slow in the winter. I do see a more promising 2010 though. Let’s hope Obama will get the break extended through the winter.

By: Chelle@Real Estate Prospecting

Chelle@Real Estate Prospecting — Thu, 14 May 2009 14:51:56 +0000

I think you are right that there's no point in waiting...there's a lot of great homes out there for sale that are very affordable - it's unlikely too many of them are going to go down even more. Plus tax credits can be pretty helpful too depending on the situation. Chelle’s last blog post..10 Ways to Make Your Website More User Friendly

By: Meg Zoller-Houston Realtor

Meg Zoller-Houston Realtor — Thu, 14 May 2009 07:58:56 +0000

You did a great job of recaping the home buyer tax credit! It is very exciting it finally got passed; I think this will help a lot with getting those people that qualify and WANT to buy, but have just been scared of the market. You are right, now may be one of the best times to buy, so long as the time is good for you. Meg Zoller-Houston Realtor’s last blog post..Houston Real Estate Reaps Benefits of Statewide Population Growth