Realtor Buzz
October 23rd, 2009 - Linda Miller
We’re all playing the guessing game as to whether or not the $8000 tax credit will be renewed. There are those that have made the conclusion that it’s almost certain – after all, hasn’t it helped some buyers make the decision to move forward with their purchase of a new home?
I’ve enjoyed helping several first time buyers recently. And yes, a few were motivated by the tax credit, and others were ready to purchase regardless of the motivating dollars. So, the Realtor buzz is “can we get all these loans closed before December 1″? Of course, it all remains to be seen if an announcement will be made late November that there will be an extension and all our panic was unnecessary.
Now you need to hear the rest of the story. Of course, there’s always another piece to the puzzle. News released today discussed the fraud that had already occurred with the tax credit. Some applications for the credit are being investigated because it appears they are under-age buyers. Four years old! When there’s cash to get there will be someone willing to give up their morals and ethics. Now I’m picturing getting the signature of the four year old that supposedly purchased his new home. Crayons, maybe. Lots of candy in the back seat of my car as we toured the city. Could have been an easy client!
Tags: first time home buyers, fraud, House & Home, tax credit