Stimulus - Tax Credit - Revisited.

The tax credit for purchasing a home has been a positive in some ways for our business. We certainly have seen quite a few folks who want to take advantage of the tax credit ( $8000 for a first time buyer and $6500 for an "existing" home owner (defined as someone who has lived in their home for 5 out of the last 8 years)). Buyers certainly can still do so...by purchasing one of our inventory or "showcase" homes.

Unfortunately, we have passed the point in time where we can build a home from scratch and still help a customer meet the time parameters of the stimulus (June 30, 2010 close and move in). Beyond the more obvious part of finishing the home by that time...is the ability of the lender, along with the customer, to have all the necessary documents and underwriting approvals etc. completed for closing on the mortgage by the end date. It takes alot of effort and coordination to make a closing take place.

It remains a great time to buy...and you can still buy new...and buy now...by purchasing one of our inventory homes (purchase need be prior to April 30, and close prior to June 30).

If you have any questions regarding building a new home, or the stimulus...please let me or one of our team know. We will be happy to try to help.

Have a great day...