Homebuyer Tax Credit Expires - Now What?
The homebuyer tax credit expires but don’t let it take you out of the real estate market.
The real estate market has been buzzing the past couple months as qualifying first-time and move-up buyers rush to take advantage of the homebuyer tax credit. The tax credit, amazingly low interest rates, and attractive home prices made it a historically magical opportunity to buy a home. If you took the plunge and made a savvy buy…congratulations! You will look back in several years and be proud of your smart decision making.
But what if you didn’t buy a home before the April 30, 2010 accepted offer deadline? Should you stop looking to buy? Heavens no! Of course you no longer qualify for the tax credit, but the decision to buy a home remains one of the smartest financial decisions you can make. The conditions are still heavily in your favor.
Interest rates remain below 5 ½ % for most buyers with good credit, prices are very attractive, and sellers are far more open minded about offers. This remains a classic “buy low” real estate opportunity. My advice to you is:
- So stay in the game
- Work with a knowledgeable Realtor
- Find the right home
…..and position yourself now to capture great appreciation in the future.
Email me for my list of “Best Buys” on the North Shore of Milwaukee.
Posted by: 
Essam Elsafy
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