First-Time Homebuyer Credit Provides Tax Benefits to 1.4 Million Families to Date

The IRS has released IR-2009-083 reporting that approximately 1.4 million taxpayers have filed (or amended) there 2008 income tax returns claiming the $8000 first-time homebuyer tax credit. The IRS release of informaiton also reminds taxpayers of the importance of getting your home purchase closed before the December expiration of the tax credit. The IRS has publicized a YouTube video it has prepared to help taxpayers understand the basics of the tax credit.

The National Associations of Realtors (NAR) continues to put forth it full effords to extend the credit into 2010. Read the IRS Press Release.

Anita C. Young
Milicki & Associates, Inc.
110 Evans Mill Dr.
Suite 103
Dallas, GA 30157
770-874-2022
866-966-3022 toll free
information@milicki.com
http://www.milicki.com

It REALLY is a great time to buy real estate!

It’s a Great Time to BUY!!!

You are in the midst of a buyers’ market; there has not been a better time to buy for many years!!!

Mortgage rates are at an all time low well under 6%. We have had rates quoted as low as 3.75%, and FHA loans are set to increase in it lending volume. FHA home loans are a practical alternative for many first time buyers. The Federal Housing Administration (FHA) insures the loan, so your lender can offer you a better deal, offering low down payments, low closing costs and easier credit qualifying.

Also, the Housing and Economic Recovery Act of 2008 was updated in the American Recovery and Reinvestment Act of 2009. For 2009 purchasers the tax credit is now $8000 and does not need to be repaid. The credit is available through December 1, 2009 giving qualified buyers only a short window of opportunity to take advantage of this special program. Also, the Emergency Economic Stability Act enacted on October 3, 2008 will help to improve credit markets and allow housing to lead the economic recovery.

Owning a home is a terrific investment in your future, Sellers are motivated and there is a large inventory of homes available. The inventory of available homes for sale is at a 15 year high. The choice for buyers is nearly unlimited. Sellers are willing to be pliable in the negations for the sales of there properties. This is a TRUE Buyers Market!

Housing Market Facts

NAR (National Association of Realtors) has created a new website www.HousingMarketFacts.com to help consumers find out the latest information about the housing market and the issues that affect you, information specifically for buyers, how to do more research, and learn more about the benefits of homeownership.

Taking Care of You!

Before beginning your home-buying search, talk to a professional about the benefits of Buyer representation. A Realtor acting as your buyers’ agent will promote your interests and guide you through what can be a very multifaceted and sometimes confusing transaction. Speak to several agents and make sure that the one you choose is someone you can work will with. The process of buying a home is very stressful you want someone that will reduce, not add to the stress.

Part of our mission at Milicki & Associates is our pledge to promote a fun, fulfilling and respectful environment, that is open to transformation, innovation and provide personal growth opportunities for all. You might want to speak to one of our Realtors, you can check them out at
www.Milicki.com under buyer information you can click on Find a Realtor tab.