Tuesday, April 13, 2010

TAXES, TAX CREDIT, AND LESSONS LEARNED

As the infamous Tax day nears many people are scrambling to finish on time. You would think we could learn from the past and make this a smoother process, yet it seems we are doomed to repeat the Tax scramble each year. The next deadline ticking down is the Homebuyers Tax Credit set to expire April 30,2010. You must have a property under contract by this date to be eligible for the Tax Credit. The Homebuyer has until June 30, 2010 to close the transaction. If you are wanting to take advantage of this Government Program you must focus your attention NOW. The weather is perfect for looking, call your REALTOR and go out ASAP. The convergence of high inventory, low interest, and the Tax Credit make this the perfect time to buy. Don't let this opportunity pass you by, it may never come around again.
My wish is that we have learned a lesson from the past couple years. Our countries economy is rooted in the Real Estate Industry and we must not allow it to get out of balance. Once we stabilize (and some areas are beginning) we are all responsible to call out bad practices. As we move forward please help us to help you by holding our feet to the fire if you see the past being repeated.

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