Comments on: Should Congress Extend the Tax Credit for First-time Home Buyers?

By: Ryan "Tiny" Crozier@Avon Indiana Real Estate Agent

Ryan "Tiny" Crozier@Avon Indiana Real Estate Agent — Wed, 02 Dec 2009 02:44:10 +0000

I’m really happy that they have extended this tax credit. It allows a few of my buyers to be in a position to receive the credit now!
Ryan “Tiny” Crozier@Avon Indiana Real Estate Agent´s last blog ..2009-2010 – First Time Home Buyer Tax Credit

By: monika@home buyers connecticut

monika@home buyers connecticut — Tue, 24 Nov 2009 11:34:13 +0000

I’m sure there will still be some investors who will try and finagle the applications to make it look like they are buying a first home. But with that being said I think this is a great program. I wish this program was available when I was doing mortgages but the economy flushed me out I couldn’t afford to stay in that market.

By: JoAnn

JoAnn — Thu, 29 Oct 2009 13:01:19 +0000

I think extending it would be great. There are many people who are still looking and wanting to close before the deadline, but can’t seem to find the right house. People don’t want to just picked a house and it really isn’t what they want, even with FHA and Conventional Loan approvals for Condos, in fear they wouldn’t find what he wanted before the deadline. Everyone has/will benefit from extending the tax credit. Even if extended until the end of April 2010.

By: Sue Jones

Sue Jones — Mon, 14 Sep 2009 20:51:35 +0000

I think extending it would be great. There are many of my friends still looking and wanting to close before the deadline, but can’t seem to find the right house. One friend just picked a house and it really wasn’t he wanted he feared he wouldn’t find what he wanted before the deadline. Plus builders are rushing building the homes to have ready in time for closing date. Everyone has/will benefit from the extending the tax credit. Call/email your congressman and senate. HELP PUSH TO EXTEND THE TAX CREDIT!!!!

By: Jay Myers

Jay Myers — Sun, 13 Sep 2009 07:18:57 +0000

My vote is for extending, and not expanding, and only to get us through the Winter — I am thinking till next March would be nice. There is so much uncertainty about what interest rates are going to be this December I think we need it.

I am not a fan of expanding it or extending too long because I am already hearing enough stories about fraudulent claims being made, and payed out. Almost as many as loan mods being granted and then sellers turning around and selling for a profit after their 2nd was forgiven. Which I think I am going to be reading something about here on the next post
Jay Myers´s last blog ..How some agents waste your time and theirs with Open Houses

By: Jill

Jill — Thu, 03 Sep 2009 22:56:18 +0000

I think this has helped so many first time home buyers. Extending it will continue to help those buyers and it also filters down to help others envolved in real estate and banking. I think there are many people still who can take advantage of this.
Jill´s last blog ..Little relief for June 2009 Houston real estate market

By: Vancouver Guy@Vancouver Homes

Vancouver Guy@Vancouver Homes — Thu, 03 Sep 2009 20:04:31 +0000

It would really help many people and economy in general. It makes sense to give tax credits when economy is not in good shape.

By: Charles@Las Vegas Homes

Charles@Las Vegas Homes — Wed, 02 Sep 2009 21:17:21 +0000

I think Sam has the right idea. I don’t think they should say they are going to extend it any time soon, because that would kill the sense of urgency right now. Funding it is a problem for sure, the IRS is bombarded with amended returns and some people have been waiting over 20 weeks for their credit. I think what may happen is the government will wait and see how the housing market does first. If sales tank, you can be the credit (or something like it) will reappear.

By: SEBASTIAN

SEBASTIAN — Wed, 02 Sep 2009 15:07:05 +0000

From a selfish standpoint I would want to continue the program, not only from an agents standpoint but a 1st time home buyers standpoint but here’s the bottom line. When your in a hole stop digging! For some reason the American people/Government just can’t get their head wrapped around this concept. There is a point when dept is toxic…even when the powers that be are trying to justify good dept and bad dept. At this point its all bad. LET THE MARKET WORK ON IT OWN.

By: Sam@Austin Luxury Homes

Sam@Austin Luxury Homes — Tue, 01 Sep 2009 18:32:21 +0000

I think it should end with no announcement of starting it again and then announce starting it a month or so later. This would keep the sense of urgency and make sales brisk this fall. Then announcing it again might get more people who missed out jumping into the market. With so many homes being sold now being to first-timers, sales may hit the skids if the program just ends.