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$8,000 Reasons to

 And those who qualify for the federal $8,000 first-time homebuyers tax credit will be able to apply for downpayment assistance through the state of Florida or the Federal Housing Administration (FHA) before they close on the purchase of their home; then repay the amount borrowed when they get their tax credit.

 Q What Does This Mean to You?

 A It means $8,000 toward a downpayment!

 Q Who Qualifies?

 A First-time homebuyers who purchase homes between January 1, 2009 and December 1, 2009. To qualify as a “first-time home buyer” the buyer or his/her spouse may not have owned a residence during the three years prior to the purchase.

 Q Which Properties Are Eligible?

 A The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single family homes, condos, townhomes and co-ops.

 Q How Much Will the Credit Be?

 A The maximum allowable credit for homebuyers

by two factors: 

 The price of the home—the credit is equal to 10% of the purchase price of the home, up to $8,000.

 The buyer’s income—single buyers with incomes up to $75,000 and married couples with incomes up to $150,000—may receive the maximum tax credit.

 Q If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

 A Yes, some buyers may still be eligible for the credit. The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for homebuyers filing jointly. The amount of the tax credit decreases as income approaches the maximum limit. Homebuyers earning more than the maximum qualifying income—over $95,000 for singles and over $170,000 for couples—are not eligible for the credit.

 Q Will the Tax Credit Need to Be Repaid?

 A No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.

You have until November 30,2009 to find a Home, secure financing and close the transaction to receive your $8,000 tax credit/downpayment assistance.

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Folks,  INTEREST RATES have climbed to around 5.5% rate in the last couple of weeks from below 5%!  This is a trend that should tell you to BUY NOW if you are thinking about owning a home.  There are still some good Buyer incentives offered by some of the New Home Builders in the area.  One is still offering 4.25% FIXED Rate for thirty years for Primary home buyers!  I spoke with the New Home rep. today and that rate is NOT going to last long.  They are also paying almost all of your closing costs, and all appliances are included, plus a lot more upgrades.  They are also offering a "Peace of Mind" incentive that will pay for up to six months of your mortage if you are laid off (some restrictions apply, the lender will further explain the details) but it's paid by the New Home Builder.  And if you are a First Time Home Buyer, you also get a Tax Credit of $8,000!!! (Consult your accountant and lender for further details)

Folks, Now is the time to Buy a New Home before the incentives are gone!  You can find all the excuses about the economy, the job market, etc, but the fact of the matter is that the economy is always going to be in a situation that you probably can't do anything about it; and the job market, it depends on how you look at it, "glass half empty or half full" and the fact of the matter is that over 90% of the people are gainfully employed and those are the ones that are taking full advantage of the interest rates and are taking chances for their future and the future of their family!  If you wait for things to get better, it will be to late to take advantage of Low Interest Rates, Low Prices and Buyer Incentives!  You'll miss the boat and wish you should 've, but didn't!  He who hesitates, loses!  And he who thinks long thinks wrong!  Call or email me for any comments or questions and pass on this info to anyone that you know who is thinking about Buying and they will be forever grateful!

Thanks and hope to hear from you folks soon!