Vancouver Real Estate - Gloria Gomez Matthews

Tax credit - EXTEND? even EXPAND?? 15K?? CURRENT HOMEOWNERS?

Yes, there is a lot of talk about extending the TAX credit, but NO, it has not passed.  Of course we want to extend it, but there is current talk about EXPANDING it beyone the First Time Home Buyer!  Below is an exerpt from Patty Murray, in a letter I received regarding this NEW S.1230 legistlation

This is VERY BIG news that may have a positive inpact on many Homeowners.  THE EXPANSION of the benefit is to extend the credit to EXISTING HOMEOWNERS, who may want to upsize, downsize or move across town, across country or have more or less land. ..doesnt matter.  What matters is there is MOTIVATION to consider doing it.  The ADDITIONAL benefit in the extention is the RAISE TO 15K.   YES, 15K for existing homeowners.

 The National Association of Realtors and the Mortgage Brokers Association, along with many legislators are working hard on making this possible, FOR YOU!  If you have been putting off making changes, this could be "the perfect storm" you've been waiting for.  You see, I believe that this will push the average and median prices of homes being sold UP, as people begin to take advantage of this.  With current interest rates incredibly LOW, now may be the time to MAKE THAT MOVE.

Well, some will say   "I want to wait till their is more price recovery".  But ASK YOURSELF.....Do you want the appreciation in the house that no longer fits you?....or the appreciation to occur in the house you'll be in for the next 10 years,  rather than the past 10 years.

No question, we want to see some real economic recovery, but by the time we see it?, I believe interest rates and pricing will already be moving up.  CALL ME, or email me, to discuss your pending plans for the year to come:  

Gloria Matthews
360-600-3042
matthews.gg@gmail.com
http://www.FelidaHomes.com

Below you will see an excerpt from a letter from Patty Murray:

I believe this credit has been a positive boost to the housing market and provided needed assistance for individuals and families seeking a home of their own. That is why I have also chosen to co-sponsor S. 1230, the Home Buyer Tax Credit Act of 2009, which would expand the first-time homebuyer tax credit to all homebuyers for the purchase of a principle residence, and increase the maximum credit to $15,000 for one year after enactment.

As we face the worst economic crisis in generations, lifting our economy out of this recession, stabilizing the housing crisis and helping Americans get back to work must be our top priorities. As Chair of the Senate Housing Appropriations Subcommittee, I know how difficult it is for millions of Americans to both purchase a new home and to then stay in a home by keeping up with the mortgage.  I am committed to continuing to work with my colleagues in Congress to address the issues facing the housing market and take the steps necessary to improve our economy.

 

Published Wednesday, October 21, 2009 7:36 AM by Gloria Gomez Matthews