It appears that the $8,000 tax credit extension will be signed by President Obama this week. With anything involving politics it is not over until the ink is dried but both the House and Senate have agreed to move it along so we will see what happens next.

If you would like the article I am referencing is available here for your reading pleasure.

What does this mean to you the home buyer? Well if you qualify you will still be eligible to receive a tax credit if you purchase a home by April 30th.2010 (under contract closing can be up to 60 days later)

What does this mean to you the home seller? Depending on how long you have owned your home you might be eligible for a $6,500 tax credit if you purchase a new home by April 30th. 2010. I will be going into more detail on how to leverage this opportunity to sell your home in early 2010 in a later post. If you want to start the conversation on how to get your home ready to sell now please call me at (253) 219-1194 today.

No matter how you feel about the tax credit if it is extended it will make an impact on our local real estate market. Things have been selling in Tacoma and in the greater Puget Sound region. 1st. time home buyers you will need to have your ducks in a row if you want to take advantage of the opportunity. Please read some of our other posts on how to be a successful 1st. time home buyer.

When you’re ready to talk real estate we’re ready to have the conversation. Call or email us when you’re ready.