May 14 2009
Well it seems that the National Association of Realtors and the Michigan Association of Realtors had it wrong yesterday. I need to announce that the $8,000.00 credit is NOT available at the closing table.
It is too early to say that the money is available at the closing table and check back to read the updates as I receive them. I will keep you posted.
The facts on this page are correct so please reference: First Time Home Buyer Credit.
May 13 2009
The White House and HUD Secretary have announced huge news today. Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment.
Here is additional information on this credit: First Time Home Buyer Credit.
If you wonder if it has made a real difference; I can tell you in our market: YES! The first time home buyers are looking in all areas near Ann Arbor and they are purchasing, but the key continues to be pricing your home properly.
If you would like to know what is for sale, how to price your home or what homes are on the market in your neighborhood, please feel free to call. I would be happy to discuss the marketplace with you.
Looking for your dream home or maybe just a super
deal on a property that some bank wants to
get rid of?
Karen Moorhead can
help! (that's me :)