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Will it Pass?  And What of the Fine Print?If you haven’t bought a home yet, you may want to sit tight for just a little while. It isn’t that an $8000.00 first time homebuyer tax credit isn’t nice…it’s just that a $15,000.00 any homebuyer tax credit would certainly be nicer.

Now, I’ll be the first to tell you, I’m not thrilled with the stimulus this, and stimulus that…in that I believe it’s going to create greater problems down the road, when the bill for all this spending comes due, but–that said–when it comes to watching out for your personal economy, in the here and now, it’s hard not to be interested in a $15,000.00 refundable tax credit.

If the legislation were to pass as it’s written, the two biggest changes, besides the amount of the credit, would be:

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Time is Slipping AwayYour chance, as a first time home buyer, to receive $8000 in federal stimulus money is running out! To qualify, you must close on your home purchase by 11:59:59pm on November 30, 2009…a process which takes time. (Going from finding a home to closing on a home, and properly hitting all steps in between.)

For more information about what it takes to qualify, review the information at this link…or call Jay, at 608-273-8841.

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