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Archive for December, 2009

Just in time for Christmas – First Time and Existing Homebuyers Tax Credit

In Uncategorized on December 17, 2009 at 2:46 pm

To the relief of many buyers in the residential home market the $8000.00 tax credit has been extended into 2010.  More exciting is the fact that the tax credit has been opened up to those existing home buyers that have been waiting for an incentive to move forward in their new home dreams.

Per the National Association of Realtors the basics on the tax credit extension are:

  • Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
  • Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010
  • Today continues to be a market that lends itself to the buyer – low-interest rates; tax credit incentive for those that qualify and a solid selection of properties in the “first time home buyer” and “second home” category.

    2010 will certainly hold it’s challenges but the struggles of 2009 are, for the most part, behind us – there is a “fresh breath” in the market with the hope of a wonderful and wonder-filled new year.

    The Kenosha County Residential Homes Market remains steady in comparison to those markets that were drastically affected by the market correction.  It has always been about Location and Price and given that Kenosha is tucked mid-way between Chicago and Milwaukee coupled with pricing that draws favorable attention when compared to those prices and cost of living expenses of Northern Illinois – buying in Kenosha is a solid investment.

    It is the Right Here – Right Now Market!!!