Use the Tools!

Somehow the Federal Tax incentive for first time homebuyers has been under utilized...or at least it appears to be so....and it should not be. What a great deal.....a first time homebuyer can literally get an interest free loan from the Federal Government, and pay it back over 15 years.

How it works;
The credit is available for first time homebuyers.
The maximum amount is $7500.
The credit is available for homes purchased on or after April 9, 2008, and before July 1, 2009.
Single Tax Payers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
The tax credit works like an interest free loan and must be repaid over a 15 year period.
For more information go to; http://www.federalhousingtaxcredit.com/

In addition to this tax advantage...which is unprecedented ....it is also a great time to buy...prices are as low as they will go...and at Eastbrook Homes...we are matching the $7500 credit with a special $7500 First Time Homebuyers incentive....contact me for details....

Use the tools and resources available...it can be a great time to buy...now.

Its a crazy world or Stop the madness.

Certainly a lot going on in the financial world right now. Things that can scare the heck out of people. But lets not get too carried away by the news....and at the same time recognize there are real challenges we must overcome.

Is it possible we are getting over run by the negative simply because of the "momentum" the bad news has gained...be it the press or wall street or main street? Sure, the market has dropped in value..and yes Fannie and Freddie are under "new management"....and Lehman is gone...Merrill Lynch is part of Bank of America...and AIG was bailed out....by a big loan. None of those things can be ignored....but....things like this have happened before....be they the savings and loan crises, the oil crises of the late 70's....and many business's failed...or were bailed out...and each time this has happened...we have come out stronger than before.

This is America....our economy is resilient, and we...the people will do what it takes to make our country, our lives better. Right now our economy is growing ( fact at over 3% ). Interest rates are good. And home prices are not ever going to be more of a bargain. At some point in the near future...some will be forced to say...why didn't I buy then...I missed the best values...ever.

So stop the madness..... ... I hope you buy a new home....if nothing else...be one of those brave souls that face the challenges of today knowing that even with these challenges...the sky is not falling...and opportunity exists now...and that the future is bright...and we will prosper.