FW: Inman PM: First-time-buyer tax credit is 'unfair'

 

 

Mark Daniel Adamczyk / Realtor
Office: 407-909-9331
Cell: 407-949-1916
Mark@ItsYourSale.com

 

http://www.ItsYourSale.com

 

From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Tuesday, August 18, 2009 4:26 PM
To: mark@itsyoursale.com
Subject: Inman PM: First-time-buyer tax credit is 'unfair'

 

ADVERTISEMENT There's money to be made in your agents' pipelines... Help them find it. Empower agents to know what prospects are thinking and create a steady stream of business with RealtyGenerator. Find Out More. TODAY'S TOP STORIES = Premium Member News - Join Now » Tuesday, August 18, 2009 First-time-buyer tax credit is 'unfair' If you're a homebuyer or seller or you earn your living directly or indirectly from home sales, you're probably a fan of the federal government's First-Time Home Buyer Tax Credit, which is intended to boost homebuying demand. But if you're not a buyer, seller or realty professional, but rather just an ordinary homeowner, for you, this tax credit is a dud. To recap some of the rules, the credit is equal to 10 percent of the purchase price of the home up to $8,000. The homebuyer must not have owned a home during the prior three years. The credit is refundable, which means the government gives the balance to buyers who meet the qualifications, even if their federal income tax liability is less. More » Single-family starts, permits on the rise Multifamily sector hit hard A primer on property taxes Percentage paid at closing varies by state Fix your relationship with money Book Review: 'Killing Sacred Cows ...' The sale that could've been Seller blames 'nit-picky' inspector for killing deal OTHER TOP STORIES 3 ways to measure social media Focus on 'vanity,' traffic patterns, behavior Appraisal rules tangle with home values Those wishing to buy or refi should take heed Walkable neighborhoods also bankable Studies show link in nearby amenities, property values Zillow poll shows homeowner optimism Views of past, future home-price trends diverge 'Green' is low real estate priority Surveys highlight role of gender in house hunts Latest News » ADVERTISEMENT Follow Brad Inman's new venture Vook on Twitter @vooktv and sign up for beta at Vook.com	ADVERTISEMENT Work with Bank of America, a stable, trusted lender broker/owners can count on, to improve your prospects for growth in your market. Click here to learn how our Real Estate Center® enables millions of motivated prospects to connect with members of our Preferred Real Estate Broker Network®. SPECIAL REPORTS New! Insider's Guide to Real Estate Connect A collection of Real Estate Connect SF '09 articles More Special Reports » NOTABLE QUOTE "We've been a fairly stable market. We didn't have a bubble to burst. We're just the 'tortoise' here." --Lucky Lang MOST E-MAILED Say goodbye to newspaper advertising Realogy haunted by Cendant's past Multiple offers: the new norm
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